What do you understand by industrial …
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Preeti Dabral 1 year, 10 months ago
Industrial Revolution, in modern history, the process of change from an agrarian and handicraft economy to one dominated by industry and machine manufacturing. These technological changes introduced novel ways of working and living and fundamentally transformed society.
Most historians now agree that there was an industrial revolution (which is a start), although there has been discussion over what exactly constitutes a 'revolution' in industry.
Success in international trade created Britain's high wage, cheap energy economy, and it was the spring board for the Industrial Revolution. High wages and cheap energy created a demand for technology that substituted capital and energy for labour. These incentives operated in many industries.
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