What notable changes did the Industrial Revolution bring to global economic systems? 🔊
The notable changes brought by the Industrial Revolution to global economic systems included the transition from agrarian economies to industrialized ones. Innovations in machinery, manufacturing processes, and transportation transformed production methods, leading to increased efficiency and productivity. Urbanization occurred as people migrated to cities for factory jobs, restructuring labor and economic relationships. Furthermore, it fueled capitalism and global trade, setting the stage for modern economies and influencing social and political dynamics worldwide.
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