The Industrial Revolution had profound effects on both society and the economy. Here are some key impacts:

1. **Economic Growth**: The Industrial Revolution marked a shift from agrarian economies to industrial ones. With advancements in technology and manufacturing processes, there was a significant increase in productivity and economic output.

2. **Urbanization**: Industrialization led to the growth of cities as people moved from rural areas to urban centers in search of work in factories. This rapid urbanization resulted in the emergence of crowded and often unsanitary living conditions in urban areas.

3. **Social Change**: The Industrial Revolution transformed social structures. It led to the rise of a new middle class of factory owners, managers, and skilled workers, while also creating a working class of laborers who often faced poor working conditions and low wages.

4. **Technological Advancements**: The Industrial Revolution saw the development of new technologies, such as the steam engine, mechanized looms, and the telegraph, which revolutionized transportation, communication, and manufacturing processes.

5. **Globalization**: Industrialization facilitated the globalization of trade and commerce. It allowed for the mass production and distribution of goods on a scale previously unimaginable, leading to increased international trade and economic interdependence.

6. **Environmental Impact**: The Industrial Revolution also had significant environmental consequences, including air and water pollution, deforestation, and the depletion of natural resources. These environmental challenges continue to be relevant today.

Overall, the Industrial Revolution brought about profound changes in almost every aspect of society and the economy, laying the groundwork for the modern industrialized world.