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| | Industrial Revolution and the Standard of Living, by Clark Nardinelli: The Concise Encyclopedia of Economics: Library ... |
 | | The industrial revolution, as the transformation came to be called, caused a sustained rise in real income per person in England and, as its effects spread, the rest of the Western world. |
 | | Historians agree that the industrial revolution was one of the most important events in history, marking the rapid transition to the modern age, but they disagree vehemently about various aspects of the event. |
 | | For example, the industrial revolution had a positive effect on real income, but its positive effect may well have been offset by the negative effect of frequent wars (the American Revolution, the Napoleonic wars, the War of 1812). |
| www.econlib.org /library/Enc/IndustrialRevolutionandtheStandardofLiving.html (1840 words) |
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