explain any four factors responsible for emergence of new social classes due to industrial development in the beginning of 20th century?
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The period from 1870 to 1890 saw the greatest increase in economic growth in such a short period as ever in previous history. Living standards improved significantly in the newly industrialized countries as the prices of goods fell dramatically due to the increases in productivity. This caused unemployment and great upheavals in commerce and industry, with many laborers being displaced by machines and many factories, ships and other forms of fixed capital becoming obsolete in a very short time span.
Crop failures no longer resulted in starvation in areas connected to large markets through transport infrastructure
Massive improvements in public health and sanitation resulted from public health initiatives, such as the construction of the London sewerage system in the 1860s and the passage of laws that regulated filtered water supplies—(the Metropolis Water Act introduced regulation of the water supply companies in London, including minimum standards of water quality for the first time in 1852). This greatly reduced the infection and death rates from many diseases.
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HERE IS UR ANSWER.
Thanks for asking this question.
The period from 1870 to 1890 saw the greatest increase in economic growth in such a short period as ever in previous history. Living standards improved significantly in the newly industrialized countries as the prices of goods fell dramatically due to the increases in productivity. This caused unemployment and great upheavals in commerce and industry, with many laborers being displaced by machines and many factories, ships and other forms of fixed capital becoming obsolete in a very short time span.
Crop failures no longer resulted in starvation in areas connected to large markets through transport infrastructure
Massive improvements in public health and sanitation resulted from public health initiatives, such as the construction of the London sewerage system in the 1860s and the passage of laws that regulated filtered water supplies—(the Metropolis Water Act introduced regulation of the water supply companies in London, including minimum standards of water quality for the first time in 1852). This greatly reduced the infection and death rates from many diseases.
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