What impact did the rise of the middle class in the late nineteenth century have on the demand for consumer goods?

Question

Business

Yair Collins

10 November, 05:18

What impact did the rise of the middle class in the late nineteenth century have on the demand for consumer goods?

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Answers (1)

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Tony Trujillo · Answer 1

The middle class created a high and sustained demand for consumer goods

Explanation:

Before the advent of the industrial revolution, the social stratification of society is such that either you are in the lower class of the poor or you are part of the rich in the upper class. The industrial revolution of late 18th and early 19th centuries saw the springing up from the lower class a new set of wealthy and educated individuals which were later termed the middle class

This reach men and women are able to buy goods needed to satisfy their newly found social status which boost demand for new and quality goods produced as a result of industrial revolution.