Industrial Revolution

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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.

BREAKING DOWN '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.

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

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