What Are Three Ways in Which the Industrial Revolution Changed

question 25

Essay

What are three ways in which the Industrial Revolution changed the lives and status of older people?

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Definitions:

International Trade

The exchange of goods, services, and capital between countries and territories, driven by the principle of comparative advantage.

Joseph Stiglitz

An American economist and a professor at Columbia University, known for his work on income distribution, risk, and globalization. He is a recipient of the Nobel Memorial Prize in Economic Sciences.

Nobel Prize

International awards given annually in several categories (e.g., peace, literature, physics) to recognize significant contributions or achievements.

IMF

The International Monetary Fund, an organization aimed at fostering global monetary cooperation, securing financial stability, and facilitating international trade.