Explain How Industrialization Impacted the Following: Transportation, Social Norms, Employment

question 20

Essay

Explain how industrialization impacted the following: transportation, social norms, employment opportunities, living standards, and public health. Be sure to include examples to support your argument.​

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Definitions:

Suspension of Breathing

The temporary cessation or interruption of breathing, known medically as apnea.

Rational Expectations

An economic theory assuming individuals and firms use all available information to make forecasts and decisions, leading to outcomes that align with those expectations.

Expectations Theory

A theory in finance which suggests that the yields on long-term bonds will equal the average of short-term interest rates expected in the future, adjusted for a risk premium.

Rational Expectations

The theory suggesting that individuals form forecasts about the future based on all available information.