Effects of the Industrial Revolution: 

• Due to innumerable changes in industries, demand for machines grew. 
• Many changes took place in the economic and social fields too. 
• New factories were established. 
• The cost of production came down and essential products were available at a low price. 
• Cottage industries could not compete with the giant factories and they collapsed. 
• The rich became richer and the poor remained poor. 
• People migrated from villages to towns. 
• A capitalist class emerged in society. 
• Hostilities developed between the owners and the workers and class conflict began. These are the effects of the Industrial Revolution.