Industrial Revolution
📈 Investing
intermediate

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