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When did modern economic growth begin?

with the Industrial Revolution


What was the economic status during the Industrial Revolution in 1845?

recession


The growth of what economic system was fostered by the Industrial Revolution?

Capitalism


How did the industrial revolution affect economic thought?

The Industrial Revolution led to the emergence of new economic theories such as classical economics, which emphasized market forces, labor specialization, and the importance of industrial production. It also sparked debates on capitalism, socialism, and the role of government in regulating the economy. Overall, the Industrial Revolution significantly influenced the development of modern economic thought.


What economic system emerged during the Industrial Revolution?

Industrial capitalism emerged during the mid-18th century as the Industrial Revolution flowered. Industrialists had great economic power because of investment in factories and machinery. Agriculture became more mechanized as well.


What is the name of the economic system that developed along with the agricultural revolution and Industrial Revolution in Europe?

Working


One significant economic impact of the second industrial revolution?

frequent and prolonged economic recessions


Industrial Revolution?

The industrial revolution started around 1760 in England and was an economic and social change, that later spread to other countires. The industrial revolution is important because it led to the advancement of many objects. The advancement from hand tools is one imporant advancement of the industrial revolution.


One significant economic impact of the second industrial revolution was?

all the above


How has the economic structure of Europe changed since the industrial revolution?

it changed by the land.


What ideas about economic and society were fostered as a result of the Industrial Revolution?

limited government


What industry did the industrial revolution in us began?

The Industrial Revolution began an era of per-capita economic growth in ..... nicknamed "Cottonopolis", and arguably the world's first industrial city.