The Industrial Revolution was a period between 1760 and 1840 that was marked by new manufacturing processes. This transition consisted going from hand production methods to new iron production and manufacturing processes, machines, advanced efficiency of water power, rise of factory system and increasing steam power use.
Textiles were the main manufacturing of the industrial Revolution in terms of as capital invested, employment and value of output. Textile industry was the first to utilized modern forms of production. The Industrial Revolution started in the UK and most of the significant technological inventions were British.
The Industrial Revolution marked a major achievement in the world’s history. It influenced every aspect of daily life in some ways. Specifically, population and average income began to grow. Some economists believe that the Industrial Revolution improved people’s standard of living. However, others argue that the standard of living did not significantly improve until late 19th century.
Mechanized textile manufacturing spread from United Kingdom to Continental Europe in the 19th century. Economic historians agree that Industrial revolution was the most significant event in human history.