What's the effect of devaluation ?​

 Exports are cheaper to foreign customers. Imports more expensive. In the short-term, a devaluation tends to cause inflation, higher growth and increased demand for exports.

Devaluation can aggravate inflation. If this happens, the government may have to raise interest rates to control inflation, but at the cost of slower economic growth.

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Exports are cheaper to foreign customers whereas Imports more expensive.

Explanation:

It results in a decline of export prices in foreign currency greater than the decline of import prices in foreign currency.

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the industrial revolution pushed the world into modern industrialization. it changed the course of history profoundly. it caused rapid urbanization and pushed cities and countries into development. the industrial revolution began in great britain with a series with new inventions which led to the creation of machines and mass production.

this caused the country to gain wealth and money and become an international superpower. it improved transportation and manufacturing inside the country, pushed people to live in urban areas and britain to become the most powerful nation in the world for a while.