How did the in industrial revolution impact capitalism?

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2026-03-07 07:45

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The Industrial Revolution significantly transformed capitalism by shifting production from small-scale, artisanal methods to large-scale manufacturing in factories. This increased productivity and efficiency, leading to greater surplus goods and consumer demand. It also fostered the rise of a capitalist class, including industrialists and entrepreneurs, while creating a workforce that was increasingly dependent on wage labor. Ultimately, the revolution laid the groundwork for modern capitalist economies characterized by competition, innovation, and global trade.

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