Economics Industrialization Questions
The industrial revolution refers to a period of significant economic and social change that occurred in the late 18th and early 19th centuries. It was characterized by the transition from manual labor and hand production methods to machine-based manufacturing and the use of new technologies in industries such as textiles, iron, and coal mining. This revolution brought about a shift from agrarian societies to industrialized ones, leading to increased production, urbanization, and economic growth. It also resulted in the development of new transportation systems, the expansion of global trade, and the rise of capitalism. The industrial revolution had a profound impact on society, transforming the way people lived and worked, and laying the foundation for modern industrial economies.