What Is Industrial Revolution?
The Industrial Revolution was a period of rapid industrialisation that began in the late 18th century. It was characterised by the shift from manual labour to mechanised manufacturing. It also brought extensive improvements in production, transportation, and monetary systems, transforming societies worldwide.
Types Of Industrial Revolution:
- First Industrial Revolution (1760–1840): The Industrial Revolution was characterised by mechanisation, the beginning of the steam engine and textile production. This marked a transformation change from agricultural-based economies to industrial communities.
- Second Industrial Revolution (1870–1914): The second industrial revolution focused on mass production and used electricity, steel and chemicals in the industry. This led to progress in transport, such as rail and cars, and communication, such as telegraphs and phones.
- Third Industrial Revolution (1950s): The Digital Revolution, also known as the third industrial revolution, is characterised by the Internet, computers, and automation.
- Fourth Industrial Revolution (current and future): This revolution includes the integration of digital, physical, and biological systems for intelligent automation, Artificial Intelligence (AI), robotics, the Internet of Things (IoT), and major technologies such as biotechnology.
Advantages Of Industrial Revolution:
- Increased Production: Improvements in agriculture and manufacturing led to greater efficiency.
- Economic development: Building jobs and money, and alternative expansion, leading to effective results.
- Technological Advancements: Improvements in transportation and equipment.
- Improved Living Standards: Advancements in medicine, progressed housing, and higher wages.
- Urbanisation: The availability of industrial jobs led to the growth of cities.
Impacts of Industrial Revolution:
- Technological progress: The enhancements made to means of communication, transportation, and machines greatly increased efficiency and progress.
- Growth in the Economy: Due to the employment opportunities created alongside increased economic activity as a result of industrialisation, there was also strengthened trade.
- Promoted infrastructure: Development of communication systems, roads and railways enables more efficient transport.
- Improved Quality of Life: Enhanced living standards resulted from improvements in housing, education and medicine.
- Global Trade Growth: The expansion of international trade and economic cooperation between countries was fueled by a rise in industrial production.
Key Takeaways
The Industrial Revolution introduced enormous economic and social transformations that assisted in changing from an agricultural society to an industrial society. When the Industrial Revolution started and expanded, it witnessed phenomenal success because the use of electricity, transportation, and technological processes resulted in less time consumption to produce the final product.
