How did the upper class live during the Industrial Revolution?
At the top of society was the aptly-named upper class. They were wealthy, educated, and owned the factories or buildings in which people worked. ... The Industrial Revolution did encourage a middle class of people who were not abundantly wealthy, but who also were not unskilled laborers in a factory barely getting by.
How did the Industrial Revolution affect the rich?
As a result of the Industrial Revolution, economies transformed and affected all classes of people. First, the rich got richer. The rich who owned businesses became even richer. ... This allowed the rich to build huge mansions, collect fine art and erect museums and libraries.
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According to the article about quarterly growth in GDP in the United States since 2011, the GDP in the second quarter of 2018 <u>increased</u> by <u>3.2%</u>.
<h3>What is the GDP growth rate?</h3>
The GDP growth rate is the year-over-year (or quarterly) change in the United State's economic output, measured in percentage.
Using the GDP growth rate, it becomes possible to measure how fast an economy is growing.
Thus, we can conclude that based on the article, the GDP in the second quarter of 2018 increased by <u>3.2%</u>.
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