Consequences of the Industrial Revolution

In the previous video I explained to you what were the causes that led to the First Industrial Revolution. In this video I will explain the consequences of the Industrial Revolution, that is, what happened after this Revolution.

We will talk so much about economic consequences as of the social consequences of the Industrial Revolution.

Economic consequences of the Industrial Revolution:

• Labor performance was increased and the cost of production was reduced and this caused the growth of the wealth of the countries that were already industrialized.
• England, France, Germany and the United States become major exporters for countries seeking to increase their development.
• banks, insurance companies and chambers of commerce are born.
• large companies are created.
• development and perfection of communication routes.

Social consequences of the Industrial Revolution:

• appearance of two large social groups (industrial bourgeoisie and factory proletarian)
• the power of the bourgeoisie increases considerably.
• a rural exodus takes place: they leave the field to find work in the city.
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• Due to the terrible conditions of the workers, the labor union was born.

These are the main consequences of the Industrial Revolution. If you see the video you will understand it much better since I explain everything in more detail and with images that will help to illustrate and understand it better.

In addition, on the web I have left you some printable exercises with their solutions so that you can practice what we have covered in today's lesson.