Question

The Industrial Revolution involved some major changes in economics. Which of the following is NOT a true statement concerning the economics of the Industrial Revolution?
A) Capital rather than land became the major source of wealth in industrial countries.
B) Short-term capital was most often used to purchase more land.
C) Industrialization demanded two kinds of capital: long-term and short-term. or
D) Industrial-based societies demanded more-complex financial systems than agriculturally based societies.

Answer 1

Good Morning!
The Industrial Revolution involved several economic changes. Among these changes we can point to the rise of capital as a financial foundation to the detriment of land value, the use of both types of capital: long and short term and the complexification of the monetary and economic system, due to the demands of a market society.
The letter B) is the only one that was not a direct consequence of the Industrial Revolution.
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