Although this is a very complex issue, one of the major reasons why the Industrial Revolution widened the gap between rich and poor nations was because only the countries with great amounts of resources could take advantage.
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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The correct answer is economically prosperous.
When Hoover was sworn into the presidency on March 4, 1929, the US economy was booming. The increased amount of credit made available by banks and other institutions allowed Americans to spend money on goods they would not have been able to pay for in the early part of the 1900's. However, 6 months after he took the presidency over, the US Stock Market Crashed and helped to spark the Great Depression.
Answer:
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Explanation:
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