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Adam Smith, through his seminal work "The Wealth of Nations," significantly influenced economic thought during the Industrial Revolution by advocating for free markets and competition. His ideas promoted the belief that individual self-interest, when channeled through competition, could lead to societal benefits, ultimately shaping economic policies that encouraged industrial growth and entrepreneurship. This shift in thinking helped transform economies, leading to increased productivity and improved living standards for many, although it also contributed to social challenges like labor exploitation. Smith's principles laid the groundwork for modern capitalism, impacting the lives of people by reshaping labor dynamics and economic structures.
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How did the lives of ordinary people change during the revolution?
the amount and variety of goods available to them.
What became popular during the Industrial Revolution?
Melodrama became Popular during the industrial revolution because life was so hard in this period so people went to see it to get away from their lives.
How did the railroads affect the lives of many young people?
(They had new opportunities) Advancements in medicine during the Industrial Revolution meant more lives were saved.
How did the lives of ordinary people change during the commercial revolution?
more money was earned, more was consumed, and lived longer lives
What area did a majority of the population move to during the industrial revolution?
The industrial revolution was a large change to peoples lives. The majority of the population moved to the city during the industrial revolution.
How did the lives of ordinary people change during the revolution?
the amount and variety of goods available to them.
How did railroads affect the lives of many people?
(They had new opportunities) Advancements in medicine during the Industrial Revolution meant more lives were saved.
What became popular during the Industrial Revolution?
Melodrama became Popular during the industrial revolution because life was so hard in this period so people went to see it to get away from their lives.
What ruler had a great impact on people's lives during the Dickens era?
Charles Dickens lived and wrote during the reign of Queen Victoria.
How did the railroads affect the lives of many young people?
(They had new opportunities) Advancements in medicine during the Industrial Revolution meant more lives were saved.
How did the lives of ordinary people change during the commercial revolution?
more money was earned, more was consumed, and lived longer lives
Was Lincoln notewrothy?
yes, he was a good president. he got rid of slavery and made their lives a little better. he had a big impact on people's lives during his presidency.
What was Saint Francis' significant impact on lives of people during the renaissance?
There are several saints named Francis. Please be specific.
How did the imimpactpeopie lives?
How did the item impact people lives about the steel plow
What area did a majority of the population move to during the industrial revolution?
The industrial revolution was a large change to peoples lives. The majority of the population moved to the city during the industrial revolution.
How did the industrail revolution change lives?
The industrial revolution changed many lives in both a positive and negative ways. Industrial capabilities allowed for mass production of products to meet the demands of the people and gave many people job opportunities. It also opened up pollution in the environment.
How did the rail roads impact the Europeans?
(They had new opportunities) Advancements in medicine during the Industrial Revolution meant more lives were saved.
