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Capitalism fueled the Industrial Revolution by creating a competitive environment that encouraged innovation and investment in new technologies and production methods. The pursuit of profit led entrepreneurs to establish factories and develop efficient mass production techniques, which significantly increased output and reduced costs. Additionally, the capitalist system facilitated access to capital through banks and investments, allowing for the expansion of industries and infrastructure. Ultimately, this economic framework transformed societies, leading to urbanization and changes in labor dynamics.
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What is a sentence for industrial revoluion?
The industrial revolution changed the world overnight.An unfortunate side effect of the industrial revolution was the rise of capitalism.
What is a sentence for industries?
The industrial revolution changed the world overnight.An unfortunate side effect of the industrial revolution was the rise of capitalism.
Which event had the greatest influence on the development of laissez-faire capitalism?
The Industrial Revolution
The growth of what economic system was fostered by the Industrial Revolution?
Capitalism
Was the fall of Communism an effect of the Industrial Revolution?
The fall of Communism was not a effect of the Industrial Revolution, it was an effect of the Cold War.
How did the industrial revolution and capitalism affect the lives and jobs of common laborers?
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What did capitalism come from?
Capitalism emerged from feudalism and the trans-Atlantic slave trade. Capitalism fully developed in its modern form in the industrial revolution.
What were some reforms during the Industrial Revolution?
Three of the most important social reforms that followed the industrial revolution were the abolition of slavery, women's rights , and capitalism.
Which revolution led to the concept of banking the creation of guilds and the development of capitalism in Europe?
It was NOT the Industrial Revolution, it was the Commercial Revolution.
What was the economy like during Industrial Revolution with regards to capitalism?
good or bad
Was the French Revolution an effect of the Industrial Revolution?
No. The French Revolution was not an effect of the industrial revolution. The French revolution occurred due to the anger of the masses against the despotic rule of the monarchs in France.
What is the most significant effect in the Industrial Revolution?
The increase in transportation was the most significant effect of the Industrial Revolution.
