WORLD HISTORY

Detailed explanation-1: -The Industrial Revolution shifted from an agrarian economy to a manufacturing economy where products were no longer made solely by hand but by machines. This led to increased production and efficiency, lower prices, more goods, improved wages, and migration from rural areas to urban areas.

Detailed explanation-2: -These major impacts of the Industrial Revolution led to many societal improvements such as: ending child labor, improved working and living conditions, worker’s rights and the growth of labor unions.

Detailed explanation-3: -Opportunities increase for exporting and importing goods, and new channels open for product, land, and labor markets. First, export expansion leads to higher levels of output, with higher sales covering operating costs as well as increasing profits. Second, imports put competitive pressure on local prices.

Detailed explanation-4: -Canals brought the first major change to transportation, and were usually built directly from the mines to city centres, such as the famous Bridgewater Canal in Manchester. Tramways were also common using horses locomotion.

Detailed explanation-5: -It increased job opportunities. The industrial revolution made it possible for more people to have jobs. It inspired innovation. Production levels increased. Competition was created. It improved processes in virtually any sector. It reduced the influences of borders. 22-Jun-2017