Industrial Revolution
📈 Investing
Quick Definition
The Industrial Revolution was a period of major industrialization that took place during the late 1700s and early 1800s, marked by a shift from agrarian economies to large-scale manufacturing and urbanization.
Examples
- 1The development of the steam engine significantly increased production capabilities and efficiency in textile manufacturing.
- 2The rise of factories during the Industrial Revolution led to mass production techniques, drastically lowering the cost of goods like clothing and tools.
- 3The construction of railroads facilitated the rapid movement of goods and people, expanding markets and fueling economic growth.
- 4Urbanization increased as people moved to cities in search of jobs in new factories, changing the demographic and economic landscape of nations.
Tags
historymanufacturingeconomic-developmenttechnologyurbanization
Related Terms
Other terms you might find helpful
Economic Growth
Economic growth refers to the increase in the production of economic goods and services, compared from one period of time to another.
Stock Market
The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought, sold, and issued, reflecting the economic trends and the performance of companies.
Quick Info
Category:Investing
Difficulty:intermediate
Last Updated:6/19/2025