The Economics of the Industrial Revolution [AP World History Review—Unit 5 Topic 7]
John
English
College Students
Concise
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Summary

The Industrial Revolution marked a shift from mercantilism to free market economics, driven by Adam Smith's ideas. This transition led to increased trade and wealth, but also created a struggling working class. Despite criticisms, free market capitalism flourished, giving rise to transnational corporations and a growing middle class with improved living standards.

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