Final answer:
The period of severe economic and social difficulties associated with industrialization in the 1830s and 1840s is known as the Industrial Revolution. This era brought significant changes in society and the economy, leading to factory production, urbanization, and increased demand for labor.
Step-by-step explanation:
The period in question, marked by severe economic and social difficulties associated with industrialization in the 1830s and 1840s, is commonly referred to as the Industrial Revolution. This era saw significant changes in society and the economy as a result of advancements in manufacturing and technology. The Industrial Revolution led to the growth of factory production, urbanization, and increased demand for labor.