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The introduction of new technology in manufacture (initially the textile industries) hugely raised productivity per worker and generated ever-increasing returns for investment in ongoing capital investment. Advances in transport facilitated distribution of both manufactured goods and foodstuffs for growing urban populations. Living standards improved as average per capita income tripled in the more developed regions in the century to 1914 and improved nutrition, health and medicine doubled world population. Gains in literacy and education combined with technological innovation to create the first mass media.

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Idell Dietrich

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3y ago

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