The Industrial Revolution impacted American society economically in a very positive way, since products were being produced en masse and exported and consumed at great profit. Socially, industrialization greatly helped create a middle class, because many more people were able to find employment. Politically, it put the focos on this middle class since they were now a major voitng block. And morally it led to a loss of morals since many factory owners did not care about the well-being of their workers.
Answer:
C. The people, not the government, can best determine the structure of the economy
Explanation:
Adam Smith and David Ricardo are the fathers of economic Liberalism. They opposed mercantilism and the planning and control of the economy by the government. Under mercantilism, trade was controlled, one of the reasons was that the ruler was responsible for the well being of every subject, and had to protect them from the shocks of the economy. Liberalism opposed this idea, Smith argued that instead of controlling the economy, the government should let the market regulate itself.
For example, instead of stockpiling corn in case of a shortage, Smith argued that the government should sell the surplus and if there was a shortage, they would be able to buy food from other countries.