Effects of the Industrial Revolution
On the one hand the Industrial Revolution brought masses of people from the country to the city. It led to higher standards of living, as inexpensive manufactured goods came on the market. It increased trade between nations. On the other hand, the revolution, in its early days, brought exploitation of workers; slums; and great suffering as a result of periodic unemployment.
The wonders of modern science are a result of the Industrial Revolution, but so are the horrors of modern war. The Industrial Revolution brought on the rise of capitalism, socialism, and communism. Labor unions, social legislation, government regulation—all are outgrowths of the Industrial Revolution.