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wel
3 years ago
9

How did the industrial revolution affect economic thought

History
1 answer:
bazaltina [42]3 years ago
5 0

Explanation:

The Industrial Revolution meant that poverty became concentrated in urban areas instead of the countryside. ... It led to contestation of laissez faire economics since it was associated with the emergence of that poverty. Socialist thinkers contested capitalism both in Europe and in the USA.

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