WORLD HISTORY

Detailed explanation-1: -The Industrial Revolution created a new middle class along with the working class. Those in the middle class owned and operated the new factories, mines, and railroads, among other industries. Their lifestyle was much more comfortable than that of the industrial working class.

Detailed explanation-2: -As a result of the Industrial Revolution, economies transformed and affected all classes of people. First, the rich got richer. The rich who owned businesses became even richer. Middle class factory owners were able to move into the upper class.

Detailed explanation-3: -Industrial growth transformed American society. It produced a new class of wealthy industrialists and a prosperous middle class. It also produced a vastly expanded blue collar working class.

Detailed explanation-4: -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.

Detailed explanation-5: -Industrialization results in a wider gap between the rich and poor due to a division of labor and capital. Those who own capital tend to accumulate excessive profits derived from their economic activities, resulting in a higher disparity of income and wealth.

Detailed explanation-6: -What changes did industrialization bring to lower middle class of factory overseers and skilled workers? They enjoyed a comfortable status/ standard of living. They were treated fairly, and liked where they were at.