Well in relation with economy obviously by having a new way of making products and increasing the amount of products that can be made is going to increase the economy.
By having factories that can have many wokers at a time, provides jobs for most people to work in factories, even children. however, these factory workers were given a very small amount of money for their work and forced to work in awful working conditions.
if I was you i would look at the sources provided in the question, then categorize them based off political, economic etc. And then write an essay with the paragraphs focusing on those forms of impacts with the sources as examples of those impacts.
(I don't know for sure if during the industrial rev. the US was on the same playing field as Europe, like they were as powerful as other Europe countries, but I know for sure this happened for England)