Question

What were the effects of the Industrial Revolution? Select 2.

Farm production fell.
Prices of raw materials declined.
Consumers benefited.
Cost of manufactured goods increased.
Textiles became scarce.

Answer 1

- Prices of raw materials declined. — Improved extraction, transportation, and global trade increased supplies and lowered unit costs for many raw materials (e.g., coal, iron, cotton).
- Consumers benefited. — Mechanization and mass production made manufactured goods cheaper and more widely available, raising living standards for many.