WORLD HISTORY

Detailed explanation-1: -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-2: -Industrialisation helps in eradicating unemployment and poverty. When multiple factories are established in a region, it creates a high demand for workers. Industries pave way for the development of cities. Industrialisation leads to economic growth and development of a country.

Detailed explanation-3: -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-4: -Entrepreneurs were typically wealthy businessmen who invested their capital in new technologies. These new innovations ushered in the industrial revolution, allowing entrepreneurs to become wealthier and invest in yet more new inventions.

Detailed explanation-5: -By 1850, the Industrial Revolution had made Great Britain the wealth-iest country in the world; by that time it had also spread to the European continent and the New World. By the end of the nineteenth century, both Germany and the United States would surpass Britain in industrial production.