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Summer School 2: The golden ages of labor and looms

Planet Money

The Impact of the Industrial Revolution on Living Standards

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The Industrial Revolution initially caused a decline in living standards for ordinary workers in Britain due to the transition to machines and automation. However, this decline was followed by a rebound in living standards by the 1840s and 1850s as people transitioned to better jobs. While living through the Industrial Revolution was difficult, it ultimately led to a world that benefited significantly from industrial advancements.

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