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1. The Industrial Revolution had many positive effects. Among those was an increase in wealth, the production of goods, and the standard of living. People had access to healthier diets, better housing, and cheaper goods. In addition, education increased during the Industrial Revolution.

3.Socialism is an economic and political system. It is an economic theory of social organization. It states that the means of making, moving, and trading wealth should be owned or controlled by the workers. This means the money made belongs to the workers who make the products, instead of groups of private owners.

6.Under capitalism, you work for your own wealth. ... Socialist systems emphasize equal distribution of wealth among the people. Communism. In a way, communism is an extreme form of socialism.

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