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State whether the following statement are true or false with reason :

The industrial revolution brought about great changes in the social and economic life of the people.

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This statement is True.

1. During the Industrial Revolution new tools and techniques were discovered, which could produce goods on a largescale. 

2. This gave rise to the factory system of production. Thus, a change in economy from feudal to capitalist system of production. 

3. Large numbers of people migrated to urban areas in order to work in factories. Large industrial bureaucracies arose to provide services to industries and to the emerging capitalist economic system

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