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The Industrial Revolution initially widened the gap between the rich and poor, as industrialists amassed wealth while many workers faced harsh conditions and low wages. However, over time, it led to economic growth, increased job opportunities, and the rise of the middle class, which contributed to a gradual reduction in income inequality. Social reforms and labor movements emerged in response to the inequalities, ultimately improving the living standards for many. Nonetheless, the extent to which the gap was lessened varied by region and over different time periods.

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