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How did the Industrial Revolution take us from Mercantilism to Communism?

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Answer:

The Industrial Revolution is one of the most significant events in all of world history and had a profound impact on the modern world.  It began first in Britain in the 1700s but soon expanded to the rest of Europe and North America.​  When discussing the economics of the Industrial Revolution it's first important to recognize that the early years of the Industrial Revolution were based on the principles of capitalism while the later years introduced more socialist beliefs.

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