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Technological advancements: The development and improvement of new technologies, such as the steam engine, textile machinery, and iron production techniques, played a crucial role in driving the industrial revolution. These innovations increased productivity, efficiency, and output, leading to significant economic growth.
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Access to resources: The availability of abundant natural resources, such as coal, iron ore, and water, provided the necessary raw materials for industrialization. These resources were essential for powering machinery, manufacturing goods, and constructing infrastructure.
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Population growth and urbanization: The rapid growth of the population, particularly in urban areas, created a large labor force that fueled industrialization. The migration of people from rural to urban areas resulted in a surplus of workers, which was necessary for the expansion of industries and the establishment of factories.
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Economic and political factors: Factors such as the rise of capitalism, the development of a market economy, and the establishment of stable political systems created an environment conducive to industrialization. The emergence of a capitalist system, with its focus on profit and private ownership, encouraged entrepreneurs to invest in new industries and technologies. Additionally, political stability and favorable government policies, such as protectionism and infrastructure development, supported industrial growth.
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