How did the Industrial Revolution impact the global economy?

History The Industrial Revolution Questions



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How did the Industrial Revolution impact the global economy?

The Industrial Revolution had a significant impact on the global economy. It led to the emergence of new industries and technologies, such as the steam engine and textile manufacturing, which increased productivity and efficiency. This resulted in the mass production of goods, leading to a significant increase in trade and economic growth. The Industrial Revolution also led to the development of new transportation systems, such as railways and steamships, which facilitated the movement of goods and people across long distances. Additionally, the Industrial Revolution created a shift from agrarian economies to industrial economies, with a focus on manufacturing and urbanization. This led to the growth of cities and the rise of a working class, as well as the exploitation of labor and the emergence of labor movements. Overall, the Industrial Revolution transformed the global economy by revolutionizing production methods, increasing trade, and shaping social and economic structures.