Industrial Revolution

Extracted Attributes

• Start Date

  1760-01-01

• Legal Drivers

  Courts ruling in favor of property rights and entrepreneurial spirit

• Social Impact

  Consistent increase in the standard of living in the Western world

• Primary Sector

  Textile Industry (dominant in employment and output value)

• Economic Impact

  Unprecedented sustained growth in GDP per capita and population

• Origin Location

  Great Britain

• Key Power Sources

  Water power and Steam power

• End Date (First Phase)

  1840-01-01

Timeline

• The Industrial Revolution begins in Great Britain, transitioning from hand production to machines. (Source: Wikipedia)

  1760-01-01

• James Hargreaves conceives the idea for the spinning jenny, a yarn-spinning machine. (Source: Britannica)

  1764-01-01

• James Watt receives a patent for his improved steam engine, which becomes a central power source for factories. (Source: Britannica)

  1769-01-01

• Samuel Crompton invents the spinning mule, enhancing textile production efficiency. (Source: Britannica)

  1779-01-01

• Rapid adoption of mechanized textile spinning begins in Britain. (Source: Wikipedia)

  1780-01-01

• High rates of growth in steam power and iron production occur across British industries. (Source: Wikipedia)

  1800-01-01

• The Industrial Revolution is fully felt across Britain; Cyrus McCormick mechanizes farming in the US. (Source: Britannica)

  1830-01-01

• A recession begins as early innovations mature and markets become saturated. (Source: Wikipedia)

  1837-01-01

• The first phase of the revolution has spread to continental Europe and the United States. (Source: Wikipedia)

  1840-01-01

• The Second Industrial Revolution begins, introducing steel-making, mass production, and electrical grids. (Source: Wikipedia)

  1870-01-01

Industrial Revolution

The Industrial Revolution, sometimes divided into the First Industrial Revolution and Second Industrial Revolution, was a transitional period of the global economy toward more widespread, efficient and stable manufacturing processes, succeeding the Second Agricultural Revolution. Beginning in Great Britain around 1760, the Industrial Revolution had spread to continental Europe and the United States by about 1840. This transition included going from hand production methods to machines; new chemical manufacturing and iron production processes; the increasing use of water power and steam power; the development of machine tools; and rise of the mechanised factory system. Output greatly increased, and the result was an unprecedented rise in population and population growth. The textile industry was the first to use modern production methods, and textiles became the dominant industry in terms of employment, value of output, and capital invested . Many technological and architectural innovations were British. By the mid-18th century, Britain was the leading commercial nation, controlled a global trading empire with colonies in North America and the Caribbean, and had military and political hegemony on the Indian subcontinent. The development of trade and rise of business were among the major causes of the Industrial Revolution. Developments in law facilitated the revolution, such as courts ruling in favour of property rights. An entrepreneurial spirit and consumer revolution helped drive industrialisation. The Industrial Revolution influenced almost every aspect of life. In particular, average income and population began to exhibit unprecedented sustained growth. Economists note the most important effect was that the standard of living for most in the Western world began to increase consistently for the first time, though others have said it did not begin to improve meaningfully until the 20th century. GDP per capita was broadly stable before the Industrial Revolution and the emergence of the modern capitalist economy, afterwards saw an era of per-capita economic growth in capitalist economies. Economic historians agree that the onset of the Industrial Revolution is the most important event in human history, comparable only to the adoption of agriculture with respect to material advancement. The precise start and end of the Industrial Revolution is debated among historians, as is the pace of economic and social changes. According to Leigh Shaw-Taylor, Britain was already industrialising in the 17th century. Eric Hobsbawm held that the Industrial Revolution began in Britain in the 1780s and was not fully felt until the 1830s, while T. S. Ashton held that it occurred between 1760 and 1830. Rapid adoption of mechanized textiles spinning occurred in Britain in the 1780s, and high rates of growth in steam power and iron production occurred after 1800. Mechanised textile production spread from Britain to continental Europe and the US in the early 19th century. A recession occurred from the late 1830s when the adoption of the Industrial Revolution's early innovations, such as mechanised spinning and weaving, slowed as markets matured despite increased adoption of locomotives, steamships, and hot blast iron smelting. New technologies such as the electrical telegraph, widely introduced in the 1840s in the UK and US, were not sufficient to drive high rates of growth. Rapid growth reoccurred after 1870, springing from new innovations in the Second Industrial Revolution. These included steel-making processes, mass production, assembly lines, electrical grid systems, large-scale manufacture of machine tools, and use of advanced machinery in steam-powered factories.

Web Search Results

• Industrial Revolution - Wikipedia

  1780–1795) * Copper Panic of 1789 * Panic of 1792 * Panic of 1796–1797 * Danish state bankruptcy of 1813 * Post-Napoleonic Irish grain price and land use shocks (1815–1816) * Panic of 1819 * Panic of 1825 * Panic of 1837 | | 1840–1870 | * European potato failure (1845–1856) + Great Irish Famine "Great Famine (Ireland)") + Highland Potato Famine * Panic of 1847 * Panic of 1857 * Panic of 1866 * Black Friday "Black Friday (1869)") (1869) | | 2nd Industrial Revolution (1870–1914) | * Panic of 1873 * Paris Bourse crash of 1882 * Panic of 1884 * Arendal crash (1886) * Baring crisis (1890) * Encilhamento (1890–1893) * Panic of 1893 * Australian banking crisis of 1893 * Black Monday "Black Monday (1894)") (1894) * Panic of 1896 * Panic of 1901 * Panic of 1907 * Shanghai rubber stock market crisis (1910) * Panic of 1910–11 * Financial crisis of 1914 | | Interwar period (1918–1939) | * Early Soviet hyperinflation (1917–1924) * Weimar Republic hyperinflation (1921–1923) * Shōwa financial crisis (1927) * Wall Street crash of 1929 * Panic of 1930 * Chinese hyperinflation (1937–1950) | | Wartime period (1939–1945) | * Greek hyperinflation (1941–1946) * Chinese hyperinflation (1937–1950) | | Post–WWII expansion (1945–1973) | * Hungarian pengő hyperinflation (1945–1946) * Kennedy Slide of 1962 * 1963–1965 Indonesian hyperinflation") * Chinese hyperinflation (1937–1950) | | Great Inflation (1973–1982) | * 1970s energy crisis (1973–1980) * 1973 oil crisis * 1973–1974 stock market crash * Secondary banking crisis of 1973–1975 * Steel crisis (1973–1982) * Latin American debt crisis (1975–1982) * 1976 sterling crisis * 1979 oil crisis * Brazilian hyperinflation (1980–1982) | | Great Moderation/ Great Regression (1982–2007) | * Brazilian hyperinflation (1982–1994) * Souk Al-Manakh stock market crash (1982) * Chilean crisis of 1982 * 1983 Israel bank stock crisis * Black Saturday (1983) "Black Saturday (1983)") * Savings and loan

• Industrial Revolution | Definition, History, Dates, Summary, & Facts

  * Characteristics of the Industrial Revolution. * Where and when did the Industrial Revolution take place? * How did the Industrial Revolution change economies? * How did the Industrial Revolution change society? * What were some important inventions of the Industrial Revolution? # Industrial Revolution. * History World - History of the Industrial Revolution. * Digital History - The Industrial Revolution. ### Where and when did the Industrial Revolution take place? ### How did the Industrial Revolution change economies? ### How did the Industrial Revolution change society? ### What were some important inventions of the Industrial Revolution? Important inventions of the Industrial Revolution included the steam engine, used to power steam locomotives, steamboats, steamships, and machines in factories; electric generators and electric motors; the incandescent lamp (light bulb); the telegraph and telephone; and the internal-combustion engine and automobile, whose mass production was perfected by Henry Ford in the early 20th century. ## Characteristics of the Industrial Revolution.

• Industrial Revolution: Definition, Inventions & Dates - HISTORY

  Though a few innovations were developed as early as the 1700s, the Industrial Revolution began in earnest by the 1830s and 1840s in Britain, and soon spread to the rest of the world, including the United States. But prior to the Industrial Revolution, the British textile business was a true “cottage industry,” with the work performed in small workshops or even homes by individual spinners, weavers and dyers. Watt later collaborated with Matthew Boulton to invent a steam engine with a rotary motion, a key innovation that would allow steam power to spread across British industries, including flour, paper, and cotton mills, iron works, distilleries, waterworks and canals. In the decades to come, outrage over substandard working and living conditions would fuel the formation of labor unions, as well as the passage of new child labor laws and public health regulations in both Britain and the United States, all aimed at improving life for working class and poor citizens who had been negatively impacted by industrialization.

• Industrial Revolution | Research Starters - EBSCO

  The Industrial Revolution, primarily occurring in the late 18th to early 19th century, marked a significant transformation in manufacturing processes and economic structures, first in Britain and later in the United States and other developed nations. This article presents an overview of the industrial revolution in the United States and other developed nations in the nineteenth century. Although the United States is often associated with what is termed the "second industrial revolution" that began circa 1870, technical innovations or appropriations in the New England textile industry before 1840 established the groundwork for much of the later growth of the national economy. Although the United States is often associated with what is termed the "second industrial revolution" that began circa 1870, technical innovations or appropriations in the New England textile industry before 1840 established the groundwork for much of the later growth of the national economy.

• Industrial Revolution | Timeline - Britannica

  The Industrial Revolution begins in Great Britain. About 1764 James Hargreaves conceives the idea for a yarn-spinning machine called the spinning jenny (which he patents in 1770). Watt develops a way to improve the Newcomen machine and in 1769 receives a patent for his own steam engine, which will be widely utilized during the Industrial Revolution. Richard Arkwright is the first to use Watt’s steam engine to power textile machinery. (Arkwright is later recognized as the father of the modern industrial factory system.) In 1779 Samuel Crompton invents the spinning mule, a cross between machines invented by Arkwright and Hargreaves. Two Englishmen, William and John Cockerill, bring the Industrial Revolution to Belgium by developing machine shops at Liège. Luddites, people opposed to industrialization, attack factories in a number of towns across Great Britain, destroying textile machinery, which is displacing them. In the United States Cyrus McCormick invents several machines used to mechanize farming. The assembly line greatly increases the speed of manufacture and soon is used in many industries.

• Image

  

• Instance Of

  Q11514315