What was the Conclusion of the Industrial Revolution?
By BYJU'S Exam Prep
Updated on: November 14th, 2023
The Conclusion of the Industrial Revolution was that it was a great boon to the entire human race. The discovery of many inventions improved the manufacturing capabilities of many industries. It improved the economy and the subsequent standard of living manifold for many sections of society. However, on the other side of the coin, the rise of industrialization reduced the reliance on unskilled manual labor. This led to an increase in unemployment and later poverty.
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Industrial Revolution
The Industrial Revolution is one of the most important phases of history and mankind. Truly transformational, this period saw many inventions and advances in the industrial sector, which boosted finance and commerce.
The working conditions were unfavorable, and the working class was heavily exploited. The financial gap between the rich and the poor also widened significantly. The rich got richer, and the poor got poorer.
Conclusion of the Industrial Revolution
- The period between 1760 and 1820 and 1840 saw the Industrial Revolution, which marked a 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 reliance on machines, the development of new chemical manufacturing and iron production processes, the increased use of steam and water power, and the development and discovery of machine tools.
- The factory system changed the way of production forever.
- The Industrial Revolution saw a tremendous increase not only in terms of production but also an unprecedented increase in population and its rate of growth.
- The textile industry was one of the most prominent industries of this phase in terms of production output, providing employment, and capital invested. It was one of the first industries to be mechanized using new and modern production processes.
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