Summarize the social and economic impacts of the Industrial Revolution.
The Industrial Revolution had far-reaching social and economic impacts. In terms of social impact, the revolution led to urbanization, demographic changes, and an increase in the standard of living. Economically, the shift from manual labor to mechanized production spurred a massive increase in efficiency and productivity, leading to the eventual growth of global capitalism.
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### Instruction:
Summarize the social and economic impacts of the Industrial Revolution.

### Response:
The Industrial Revolution had far-reaching social and economic impacts. In terms of social impact, the revolution led to urbanization, demographic changes, and an increase in the standard of living. Economically, the shift from manual labor to mechanized production spurred a massive increase in efficiency and productivity, leading to the eventual growth of global capitalism.