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Success in international trade created Britain's high wage, cheap energy economy, and it was the spring board for the Industrial Revolution. High wages and cheap energy created a demand for technology that substituted capital and energy for labour. These incentives operated in many industries.
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- How did England benefit from the Industrial Revolution?
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- Improvement of the social conditions of the most disadvantaged classes by lowering the costs of products, which allowed more people to acquire certain goods that were previously unaffordable. Appearance over time of the current capitalist and consumer society.
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