What was industrial revolution?
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Industrial Revolution, in modern history, the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing.
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The Industrial Revolution marks a turning point in history, modifying and influencing all aspects of everyday life in one way or another. The production of both agriculture and the nascent industry multiplied while the production time decreased. Starting in 1800, wealth and income per capita multiplied as it had never done before in history, [3] because until then, GDP per capita had remained practically stagnant for centuries. [4] In the words of the award Nobel Robert Lucas
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