Industrial Revolution: The History of Modern Economy

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Industrial Revolution
The industrial revolution was a period of transition in the technological, cultural and social economic conditions that occurred in some of the western countries during the eighteenth century and early nineteenth century. During the ancient or medieval times, people used hand labor which took them a lot of time. The transition led to the invention of locomotives, steam engines and power-driven machines in production. The industrial revolution began in Britain with most of the technological innovations in British. The transition marked a turning point in human social history, influencing activities such as farming, mining, and textile industry. Industrial revolution occurred as a result of advance in technology and influenced by large domestic market and government grants.
The transition began in Britain and spread to other western countries in Europe and America. For Americans, this transition was a period of growth and transformation for most of the activities. Numerous changes that occurred took place with a tremendous impact on trade, agriculture, politics, culture, and manufacturing sector. Samuel Slater is noted as the first American to open an industrial mill in 1790 with a designed similar to that of a Britain model. This replicated technology increased the speed of converting cotton thread into yarn....