What was the impact of the invention of the steam engine on European economies? 🔊
The invention of the steam engine had a profound impact on European economies, fueling the Industrial Revolution. It enabled factories to operate efficiently and significantly increased production capacity. Transportation also transformed with steam-powered trains and ships, reducing travel time and costs, which facilitated trade and expanded markets. As industries grew, urbanization surged, with people moving to cities for work. This economic transformation led to new social dynamics, including the rise of a distinct working class and changes in labor conditions, which would eventually inspire movements for labor rights and social reforms.
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