economic effects of the industrial revolution
What industries arose during the Industrial Revolution?
New industries also arose, including, in the late 19th century, the automobile industry. How did the Industrial Revolution change economies? The Industrial Revolution transformed economies that had been based on agriculture and handicrafts
How did the Industrial Revolution affect society?
The Industrial Revolution brought about sweeping changes in economic and social organization. These changes included a wider distribution of wealth and increased international trade. Managerial hierarchies also developed to oversee the division of labor. By the late 1700s many people could no longer earn their living in the countryside.
How did wage labor affect the Industrial Revolution?
The rise of wage labor at the heart of the Industrial Revolution also exploited working people in new ways. The first strike among textile workers protesting wage and factory conditions occurred in 1824 and even the model mills of Lowell faced large strikes in the 1830s.
What was the growth rate of the Industrial Revolution?
"The Industrial Revolution Past and Future". Archived from the original on 27 November 2007. [consider] annual growth rates of 2.4 percent for the first 60 years of the 20th century, of 1 percent for the entire 19th century, of one-third of 1 percent for the 18th century
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