Answer:
During the Industrial Revolution, Europe experi- enced a shift from a traditional, labor-intensive econ- omy based on farming and handicrafts to a more capital-intensive economy based on manufacturing by machines, specialized labor, and industrial factories.
It increased material wealth, extended life, and was a powerful force for social change. It undermined the centuries-old class structure in Europe and reorganized the economic and philosophical worldview of the West.
The Industrial Revolution changed the world by transforming business, economics, and society. These shifts had major effects on the world and continue to shape it today. Before industrialization, most European countries had economies dominated by farming and artisan crafts such as hand-woven cloth.