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The Industrial Revolution brought about Big Business; the government was forced on the local industry at the time by implementing tariffs and fees on foreign imported goods so that products like steel created in the United States were cheaper than imports.
In modern history, the Industrial Revolution transitioned from an agrarian and handicraft economy to one dominated by industry and machine production. This procedure began in the 18th century in Britain and extended throughout the world. Governments implemented labour, pollution, and other rules to guarantee the safety of their people and the economy. Banks became more important in financing during the Industrial Revolution, particularly industrial funding. Growth necessitated additional cash from entrepreneurs. The Industrial Revolution, also known as the First Industrial Revolution, altered the way businesses operated, leaving an indelible mark on the societies we live in today. It lasted from the 1700s through the 1800s.
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