Review the Historical Issues Feature Entitled "Industrialization and the Standard

question 39

Essay

Review the Historical Issues feature entitled "Industrialization and the Standard of Living" in this chapter.What, according to Hobsbawm, were some of the beneficial aspects of industrialization? Why do you think Ashton disagrees that those same developments were detrimental effects of industrialization?

---

Definitions:

Economic Abundance

A state of having plentiful wealth and resources, where goods and services are available in excess, leading to a high standard of living.

Consumer Choices

involve decisions made by individuals or households regarding the purchase of goods and services based on factors like price, quality, and personal preferences.

Four Freedoms

A set of four fundamental freedoms articulated by U.S. President Franklin D. Roosevelt during World War II: freedom of speech, freedom of worship, freedom from want, and freedom from fear.

Third World Countries

Term originally used during the Cold War to describe countries that were not aligned with the capitalist First World or the communist Second World, now often referring to developing or underdeveloped nations.