How did the Industrial Revolution impact society and the economy?

The Industrial Revolution, which occurred between the 18th and 19th centuries, had a significant impact on both society and the economy. It was a period of major technological advancements and changes in the manufacturing process that greatly improved efficiency and productivity. As a result, it led to the growth of factories, increased urbanization, and the rise of the middle class.

One of the most significant impacts of the Industrial Revolution was on the economy. The new manufacturing methods and machinery led to mass production, which in turn reduced the cost of goods, making them more affordable for the general population. Additionally, new industries emerged, creating jobs and stimulating economic growth.

The Industrial Revolution also brought about significant changes in society. It led to the growth of cities, as people moved from rural areas to urban centers to work in the factories. The middle class emerged as a result of the new wealth created by industrialization, while the working class experienced significant hardships due to poor working conditions and low wages.