Laissez-faire capitalism was responsible for problems that arose during the Industrial Revolution, such as child labor, hazardous and unhealthy working conditions, and a lack of fundamental worker rights.
<h3>How did capitalism change as a result of the Industrial Revolution?</h3>
The household system was replaced by the factory system, and small-scale production was replaced by mass production, which were the two fundamental developments brought about by the Industrial Revolution. Industrial capitalism and financial capitalism both grew as a result of the industrial revolution.
<h3>How was imperialism influenced by the Industrial Revolution?</h3>
The industrial revolution gave Europe the ability to successfully conquer and profitably sustain so many colonies abroad, which was the driving factor behind this new Imperialism. Due to the industrial revolution, Europe had little choice but to conquer other territories.
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Drought and famine cause poor diets and weaken the health of many people
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Once India gone, they lost a major source of revenue using which they were using to rule the other colonies. Moreover, India's freedom acted like a catalyst for them to demand freedom. Pretty soon the British had to lose the colonies too, reducing the once mighty kingdom to a humble island.
Probably the most sustained effect was the way India earned freedom - lead by Gandhi and other leaders. It showed the world that a war could be fought spiritually also, without violence. It inspired the leaders elsewhere in the world, most probably Martin Luthar King and Nelson Mandela being the most prominent.
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