Answer: True
Explanation: During the 1970s, the World Bank did indeed expand its purpose to fund various industrial projects in developing countries around the world. This expansion was a result of the recognition that industrial development was crucial for economic growth and poverty reduction in these countries. The World Bank started providing loans and financial assistance to support the development of infrastructure, manufacturing sectors, and other industrial projects that aimed to stimulate economic growth and improve living conditions in developing nations. This shift in focus reflected the evolving priorities of the World Bank in addressing the needs of developing countries during that time period.