HISTORY
THE INDUSTRIAL REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following were economic effects of industrialization?
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increased standard of living
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New jobs
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Ability to improve wages
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Mass production of goods
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -Mass production enabled manufacturers to produce goods at a faster pace, distribute those goods more widely, and therefore increase availability and enable more sales.
Detailed explanation-3: -Western Mining. Immigration. Government subsidies and tax breaks to railroads. Laissez faire attitude of the government. New sources of power. High Tariffs. Horizontal and Vertical integration. National Markets. More items
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