Explain how the Industrial Revolution contributed to the development of free-market capitalism.(1 point)
1 The Industrial Revolution fueled the development of free-market capitalism by putting its ideas into practice. As innovation fueled industrial development, specific nations gathered more wealth. This, in turn, led to less of the world’s limited wealth being available for other nations to gather up.
2 The Industrial Revolution fueled the development of free-market capitalism by putting its ideas into practice. Innovation fueled industrial development, generating more wealth. This, in turn, led to more money being poured into increasing productivity even more.
3 The Industrial Revolution fueled the development of free-market capitalism by refusing to put its ideas into practice as they were originally developed by Smith. Instead, Smith’s ideas were combined with mercantilist ideas to make free-market capitalism.
4 The Industrial Revolution fueled the development of free-market capitalism by putting the ideas of the Protestant Reformation into practice. This meant that religious ideas transformed feudalism to make a capitalist system.