Summarize Spoken Text
Instruction:
You will hear a short lecture. Write a summary for a fellow student who was not present at the lecture. You should write 50-70 words.
Industrialization
Transcript
Within most developed countries, notions of pragmatism, notions of the fact that we have democracies, have succeeded in tempering the market economy. In the 19th century, 18th century, the Industrial Revolution has a very negative effect on people, particularly working classes all over the world. We see data where life expectancy was reduced, hikes were reduced, we were looking at the medical record. We can see that actually, living standards, much among large fractions of population, actually went down. But eventually, we pass the legislation about working conditions. And eventually, we circumscribe some of the worst kinds of behaviour. We eventually, in the 20th century, we put regulations that composed better environmental conditions. And so some of the damage was reversed, and that we have made the market economy work and ways that the benefits of the all is far more what we shared in the world a hundred years ago.
Word count: 0
Answer:
Significantly focusing on the fact which is mentioned is the Industrialization Revolution and market economy. Additionally, Industrial Revolution has a negative effect on people including deteriorating living condition and reducing life expectancy, especially for working classes. Considering the most substantial aspects which are specified here, it can be stated that regulations and laws have been introduced in the 20th century to eliminate damage and eventually tempered the market economy. Submit
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