What is the Conclusion of the Industrial Revolution?
The Industrial Revolution is one of the most important phases of history and mankind. Truly transformative in nature, this period saw numerous inventions and advancements in the industrial sector that boomed finance and commerce.
The period from about 1760 to sometime between 1820 and 1840 saw the Industrial Revolution which marked the transitional shift to new processes of manufacturing in Great Britain, continental Europe, and the United States. This transition was highlighted by its switch from hand production methods to dependence on machines, the development of newer processes of chemical manufacturing and iron production, its increased use of steam and water power, the development and discovery of machine tools and the rise of a mechanised factory system that changed the mode of production forever.
The Industrial Revolution saw great increases in outputs, not just in terms of production but also an unprecedented rise in population and its rate of growth.
The textile industry was one of the most dominant industries of this phase in terms of output of production, employment provided and capital invested. This was also one of the first industries to have been mechanised by the use of new and modern production processes.