ALGINE

- Inventions of steam engines and machines

- Considered as one of the most significant developments in the 19 th century.

- Changed the economy of Europe from feudalism to capitalism

Positive Effects of the Industrial Revolution:

1. The Philippines was opened for world commerce.

2. Foreigners were engaged in manufacturing and agriculture.

3. There was rise of new influential and wealthy Filipino middle class.

4. People were encouraged to participate in the trade.

5. The Philippine economy became dynamic and balanced

Negative Effects of the Industrial Revolution:

1. Widening of the gap between the rich and the poor

2. Unending economic warfare between labor and capital

3. Pollution and other environmental problems

4. Beginning of child labor

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