It had both positive and negative effects. It affected jobs very negatively because of the power loom. The power loom was much more efficient than what they were using before and it needed less people to run it. That put many people out of jobs. In agriculture it made more efficient tools that helped the farming industries but also put a lot of farmers out of their jobs which forced them to all immigrate to the cities which created the slums. But it did help in the ways that the world was advancing through technology.
