THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the Industrial Revolution, a new social and economic class that developed was the
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serfs
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rich, or the upper class
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expanded lower class
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middle class
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Explanation:
Detailed explanation-1: -The Industrial Middle Class Some were merchants who invested their growing profits in factories. Others were inventors or skilled artisans who developed new technologies. Some rose from “rags to riches, ” a pattern that the age greatly admired.
Detailed explanation-2: -There were essentially three different classes that emerged as a result of industrialization: the working class, the middle class, and the super-wealthy.
Detailed explanation-3: -More than any other group, this middle class benefited from the rise in national incomes that came with more industrialization. Bankers, merchants, capitalists and factory owners could afford to buy all of the new industrial goods that factories were producing.
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