Industrial Revolution

AAA

DEFINITION of 'Industrial Revolution'

A period of major industrialization that took place during the late 1700s and early 1800s. The Industrial Revolution, beginning in Great Britain, quickly spread throughout the world. This time period saw the mechanization of agriculture and textile manufacturing and a revolution in power (i.e., steam ships and railroads) and had a massive effect on social, cultural and economic conditions.

INVESTOPEDIA EXPLAINS 'Industrial Revolution'

It has been argued that the factory systems developed during the Industrial Revolution are responsible for the modern cities we know today. During the Industrial Revolution, workers came to cities in droves to look for employment in the new factories. Because the industrial system was new, there were no experienced workers, and thus everyone had an opportunity to find employment. Technological advancement followed, which increased overall production.

RELATED TERMS
  1. Capitalism

    A system of economics based on the private ownership of capital ...
  2. Industrialization

    The process in which a society or country (or world) transforms ...
  3. Deregulation

    The reduction or elimination of government power in a particular ...
  4. Old Economy

    A term for the old blue chip industries that enjoyed fabulous ...
  5. Laissez Faire

    An economic theory from the 18th century that is strongly opposed ...
  6. Economy

    The large set of inter-related economic production and consumption ...
RELATED FAQS
  1. What caused the American Industrial Revolution?

    The initial vestiges of industrialization appeared in the United States in 1790, when Samuel Slater opened a British-style ... Read Full Answer >>
  2. How can industrialization affect the national economy of less developed countries ...

    Industrialization – the period of transformation from an agricultural economy to an urban, mass-producing economy – has accompanied ... Read Full Answer >>
  3. How does industrialization lead to urbanization?

    Industrialization leads to urbanization by creating economic growth and job opportunities that draw people to cities. The ... Read Full Answer >>
  4. Why was the practice of depreciating assets for accounting purposes created?

    Modern uses of depreciation arose at about the same time that the modern corporation was taking shape. The Industrial Revolution ... Read Full Answer >>
  5. What is the history behind today's bankruptcy laws?

    Julius Caesar was emperor of Rome for a scant five months, but in that short time he changed the course of financial history. ... Read Full Answer >>
  6. What countries are driving most of the growth of the food and beverage sector?

    The countries driving most of the growth of the food and beverage sector are the primary emerging market economies of China ... Read Full Answer >>
Related Articles
  1. Economics

    Economics Basics

    Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more!
  2. Economics

    Save The Earth: Become A Capitalist

    Who says that capitalism and environmentalism have to be mutually exclusive?
  3. Economics

    Globalization: Progress Or Profiteering?

    Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits foreign workers. ...
  4. Economics

    An Exploration Of The Development Of Financial Markets

    We take a look at how the market was born and has continued to develop throughout history.
  5. Options & Futures

    Financial Capitalism Opens Doors To Personal Fortune

    The Industrial Revolution introduced a new age of investing and financial self sufficiency.
  6. Professionals

    Financial History: The Evolution Of Accounting

    Follow accounting from its roots in ancient times to the profession we now depend on.
  7. Economics

    The Farmer's Grip on Japanese Politics

    If you live in Tokyo, Japan's biggest city, then your vote is cheap. If you want your voice to count, move out to the countryside and buy a farm.
  8. Investing News

    Technology: Increasing Indoor Farming's Efficiency

    Indoor farming has gone high-tech. An increasing number of investors are now sitting up and taking notice.
  9. Mutual Funds & ETFs

    Are These 3 Agricultural ETFs, ETNs a Good Bet?

    Three top tier agriculture ETFs and ETNs to consider when the time is right.
  10. Stock Analysis

    4 Top Dividend-Paying Agriculture Stocks

    Here are four different ways to play dividend-paying agro stocks.

You May Also Like

Hot Definitions
  1. Inbound Cash Flow

    Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash flow ...
  2. Social Security

    A United States federal program of social insurance and benefits developed in 1935. The Social Security program's benefits ...
  3. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version ...
  4. Multicurrency Note Facility

    A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. ...
  5. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  6. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!