Final answer:
The Industrial Revolution led to urbanization and a shift from agricultural to industrial employment, transforming society by reducing rural work and enhancing factory-based production of goods such as iron and textiles.
Step-by-step explanation:
The Industrial Revolution dramatically reshaped the economic landscape and social structures. Formerly agrarian economies transitioned to industrial powerhouses, resulting in widespread urbanization. This period marked a significant shift where employment once rooted in rural farming was replaced by jobs in urban manufacturing centers. With the advent of enhanced agricultural technology such as the McCormick reaper and the Cyrus plow, the need for rural labor decreased, pushing individuals to seek work in burgeoning factories around cities. Concurrently, new machinery and production methods in industries such as iron and textiles bolstered the overall output of goods, exemplifying the shift from domestic production to factory-based manufacturing. The fabric of society transformed from one where most lived rurally and produced their own goods, to one where urban dwelling and factory-produced merchandise became the norm, thus altering the very core of daily life and economic practice.