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Discuss the socio-economic effects of the Industrial Revolution.

Answer» <html><body><p></p>Solution :The Industrial Revolution made tremendous impact on the life of British people. It affected not only their social life but economic life too. The socio-economic effects of Industrial Revolution are as follows: <br/> (i) End of Cottage Industries: During the Industrial Revolution, a lot of new machines were prepared. Through these machines, numerous products were made. In cottage industries, it was not possible to <a href="https://interviewquestions.tuteehub.com/tag/manufacture-1086315" style="font-weight:bold;" target="_blank" title="Click to know more about MANUFACTURE">MANUFACTURE</a> these products. So, cottage industries in England have almost ended. <br/> (ii) Development of new Industrial Towns: After the Industrial Revolution, a number of new industrial towns were set up. Before it, industrial towns were not much developed. As a result, the industrial towns like Birmingham, Lancashire, Manchester, etc. came into existence. <br/> (iii) Growth of Agriculture: After the Industrial Revolution, new types of cropping machine, high-yielding seeds, fertilisers and new techniques of farming came into being. The farmers could now produce high yields. It also made their economic condition strong. <br/> (iv) Exploitation of women and children: Women and children were also employed in industries. They were forced to do <a href="https://interviewquestions.tuteehub.com/tag/work-20377" style="font-weight:bold;" target="_blank" title="Click to know more about WORK">WORK</a> without wages or wages less than the male workers. It badly affected their health. <br/> (v) Increase in National Income: After the industrial Revolution, they were now able to produce new items. These items were sold in international market at high prices. This way their national income increased. <br/> (<a href="https://interviewquestions.tuteehub.com/tag/vi-723586" style="font-weight:bold;" target="_blank" title="Click to know more about VI">VI</a>) <a href="https://interviewquestions.tuteehub.com/tag/appearance-881925" style="font-weight:bold;" target="_blank" title="Click to know more about APPEARANCE">APPEARANCE</a> of New classes: As a result of Industrial Revolution, two distinct classes appeared, i.e. the capitalists and the workers. The capitalists became more and more richer and the workers became more poorer. <br/> (vii) Standard of <a href="https://interviewquestions.tuteehub.com/tag/living-1076292" style="font-weight:bold;" target="_blank" title="Click to know more about LIVING">LIVING</a>: After the Industrial Revolution, people became more and more rich. Transport and communication, railways, ships, etc. made their life happier and comfortable. Thus, their standard of living improved. <br/> (viii) Population increased: After the Industrial Revolution people became well-off. Their standard of living improved. Now they could take nutritious diet. Numerous medicines were discovered. It also helped in checking the various diseases. Ultimately, it led to an increase in population.</body></html>


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