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Why did industrialization change the economy of many countries? Check all that apply

Individuals began to start more private businesses.
Entrepreneurs took on a less dominant role.
New banking systems financed the growth of business.
Factories began to employ specialized workers.
Governments stopped supporting joint-stock companies.

User SAFAD
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The correct answers are A) individuals began to start more private business, C) new banking systems financed the growth of business, and D) factories began to employ specialized workers.

User Oekopez
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The correct answers are A) individuals began to start more private business, C) new banking systems financed the growth of business, and D) factories began to employ specialized workers.

Industrialization changed the economy of many countries because individuals began to start more private business, new banking systems financed the growth of business, and factories began to employ specialized workers.

Many countries benefited from industrialization and changed the way they produced things. Technology and new machines in the fabrics increase the production of goods allowing modern manufacture to produce more with less. People started to invest more money in opening new business, Banks gave more credit to entrepreneurs to finance new companies and workers had to specialize because factories started to demand specific jobs.

User Mitzi
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