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: -They financed many inventions like power-driven machines to replace hand tools. The Steam Engine was developed to power the growing number of factories and eventually changed the common mode of transportation. As industries grew, entrepreneurs continued to finance and encourage the numerous inventions of the period.

Detailed explanation-3: -Answer and Explanation: Entrepreneurs who rose to prominence during the Industrial Revolution included John D. Rockefeller (Standard Oil), Cornelius Vanderbilt (railroads), Andrew Carnegie (the steel industry), and J.P. Morgan (banking/finance), among others.

Detailed explanation-4: -ABSTRACT. The Industrial Revolution was the work of inventors and entrepreneurs. Inventors produced the ideas and machines for the productive process, but entrepreneurs sponsored inventors, put inventions to effective use, and exploited the full potential of inventions.

Detailed explanation-5: -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.