Discuss the Positive and Negative Social and Economic Consequences of the Industrial Revolution in Europe

The industrial revolution had a great impact on Europe, especially when it comes to social and economic aspects, since they underwent a great change during the period. Still, whether the industrial revolution was positive or negative as a whole depends on if you focus on either of these two aspects. Optimists will say that it was good, and they'll focus on the favourable consequences on economy. Pessimists, however, will focus on social aspects, since society suffered a decline as to way of life.
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