The industrial revolution resulted in financial disparities and labor struggles.
WE NEED MORE GOODS!!!
This calls for new technology...
The invention of new technology led to the loss of many jobs since machines were able to produce higher-quality goods in a smaller amount of time than the average worker.
We don't need your work anymore with this new machine doing it faster than you...
Seriously?!
In the 1900s there was only one boss overlooking factory jobs, so workers had no choice but to accept the low wages offered because there was no other way to make money; workers would work in horrible conditions despite the low pay and help from new machines.
Get to work!
Yes, sir...
The increase in the supply of goods due to new technology led to a recession since consumers-- aka workers--weren't paid enough to buy these goods.
You should buy more cotton from me to make more clothes.
Dude I can't even sell what I already have.
The obvious solution to this influx of supplies was to trade it with other countries. Foreigners would buy the extra goods, which would give bosses their profits, and workers their jobs. However, China tried restricting trade, which led to many wars between the countries. In the end, this helped the issue but didn't solve it.
FOR FREE TRADE!!!
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