Question

How did it create a wide gap between the rich and the poor?

Answer 1

The Industrial Revolution led to the concentration of wealth in the hands of the capitalists—a few rich people who owned the means of production (capital). The vast majority of workers were employed by the capitalists in their factories and worked ‘ under them for wages. The workers were exploited by the capitalists and lived in poverty and misery. There was a wide gulf between the rich capitalists and the poor workers. The capitalists were thus the haves, while the workers were the have-nots.