True! The people who worked in factories and mills during the Industrial Revolution worked in very poor working conditions, which included fourteen hour workdays.
As a result of the industrial revolution there was a massive exodus of peasants to the cities; the old farmer became an industrial worker. The industrial city increased its population as a result of the natural growth of its inhabitants and the arrival of this new human contingent. The lack of rooms was the first problem suffered by this socially marginalized population; He had to live in small spaces without minimal comforts and lacking in hygiene. Added to this were days of work, which reached more than fourteen hours a day, in which men, women and children participated with miserable salaries, and lacking legal protection against the arbitrariness of the owners of the factories or production centers.
Not completely, looking into it it says that globalization has not been good for working people. its hasn't really benefited everyone, so it really depends on how you see it.
The United States sent several billion dollars to aid the Nationalists in China because the leaders feared that a Nationalist defeat would create a communist superpower.