Answer:
The most obvious effects of the Industrial Revolution were the vast increase in trade. The huge quantities of goods produced by the new methods demanded correspondingly large markets and supplies of raw materials. The markets were provided partly by the growth in population which resulted from the developments in medicine, but much more by the new means of transport, by which raw materials and finished goods could be moved easily and cheaply over the width of the world. All countries were webbed with railway networks, and the seas became populous with shipping. And to finance this trade, there was a development of banking almost out of recognition. The bankers, the master of credit, became one of the key-men in modern society.
Other effects of the Industrial Revolution was that distance land became more and more dependent on one another. For E.g, England demanding wool from Australia, cotton from America, oil from Persia, and paying for these goods with its manufactures.
Further, cheap transport made possible, too a much greater localization of industry. A producer no longer needed to be close to his market. He could pitch his factory wherever he could operate it most cheaply. As a result, we can see the concentration of industries in special areas, like the English midlands or the German Ruhr. Thus, there was a growth of enormous cities which are characteristics of the present age.
Explanation:
