WORLD HISTORY

Detailed explanation-1: -Factories and the machines that they housed began to produce items faster and cheaper than could be made by hand. As the supply of various items rose, their cost to the consumer declined (see supply and demand).

Detailed explanation-2: -Answer and Explanation: Yes, the economic benefits of industrialization outweigh the economic costs. When an economy undergoes industrialization, the economies of scale are improved and there is large scale production of goods and services. Also, all these goods and services are available at cheaper rates.

Detailed explanation-3: -Those who benefited most from the Industrial Revolution were the entrepreneurs who set it in motion. The Industrial Revolution created this new middle class, or bourgeoisie, whose members came from a variety of backgrounds. Some were merchants who invested their growing profits in factories.

Detailed explanation-4: -The coal-fired steam engine was in many respects the decisive technology of the Industrial Revolution. Steam power was first applied to pump water out of coal mines.

Detailed explanation-5: -The Industrial Revolution had both positive and negative societal effects. The advantages include lower-cost clothing, more job opportunities, and improved transportation. And the negatives would include women and children being exploited, working long hours, and environmental damage.

Detailed explanation-6: -Industrialization brought us the current import-export market. It allows us to become more productive. Industrialization makes goods and services more affordable. It improves the quality of life for each person and household. Industrialization enhanced our medical care.