Industrial Revolution

Definition

The Industrial Revolution was a period from the 18th to 19th century where major changes in agriculture, manufacturing, mining, and transport had a profound effect on the socioeconomic and cultural conditions starting in the United Kingdom before spreading throughout Europe, North America, and eventually the world.

Related terms

Factory System: A method of manufacturing using machinery and division of labor first adopted in Britain at the beginning of the Industrial Revolution in the late 18th century.

Urbanization: The process by which towns and cities are formed and become larger as more people begin living and working in central areas. This was largely driven by job opportunities during the Industrial Revolution.

Laissez-faire Economics: An economic theory that advocates for minimal government intervention in business affairs beyond what is necessary to protect property rights. This theory gained popularity during the Industrial Revolution.