Answer:
This economic boom provided the financial resources and incentives for;
- political change,
- a new class of factory owners and entrepreneurs.
Step-by-step explanation:
The Industrial Revolution marked a period of significant economic growth and expansion in Europe. This economic boom provided the financial resources and incentives for political change, as well as a new class of factory owners and entrepreneurs who wanted to influence government policies. These new economic elites used their wealth to influence government decisions in their favor, pushing for less regulation and more resources for industrial expansion.
This led to the rise of laissez-faire economics, which was a belief that the government should not interfere in the economy. This laissez-faire approach meant that governments would no longer regulate labor conditions or provide welfare programs. This caused a shift in the political landscape, with wealthy industrialists gaining more influence and power.
This influence allowed them to push for policies that favored their interests, such as lower taxes and fewer regulations. This ultimately allowed them to accumulate more wealth and resources, and helped to define the economic and political landscape of the modern world.