Complete a one page answer to question below. Include ideas on productivity and savings rates.
“What changes took place during the Industrial Revolution that made sustained economic growth possible?”Â Consider the role of agriculture and education in promoting the industrial revolution. Were there any important developments in agricultural technology? If so, how did labor-saving technologies in agriculture raise productivity and help to support the growth of industry? What about education? How does education help to support industrialization?Â To answer this question you should focus on technological developments (including advances in transportation), rising productivity, and the creation of mass markets (i.e., the development of mass consumption and mass production).