Impacts of the Industrial Revolution

See KBhHIST201IRonWarfare

IR Brought the Enlargement of the financial sector

• National + international banking increased
• Regimes could raise funds much easier
• Britain ticked so much boxes that worked out to become one that stands out form the rest
• CLAIM post-1860 industrialization will change world balance again

1. Increase in population
2. Worsened average living conditions

The IR sent the world population to go up very high but was able to sustain itself because the product of technology and the technology acquired allowed population and sustenance of population to grow alongside each other — keeping both in check, so boo Malthus.

• Economic size, productivity, and purchasing power increased far more than the actual population
• "In Queen Victoria's reign alone, product per capita rose two and a half times."

Living conditions, however, is terrible: the "proletariat" as a social class began existing => lived in "unhealthy, crowed, jerry-built cities". But, CLAIM, this was overall a good thing b/c in dramatically increased production with little to the actual cost.