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Beginning in Great Britain, the Industrial Revolution spread to continental Europe and the United States, from around 1760 to about 1820–1840. [1] This transition included going from hand production methods to machines ; new chemical manufacturing and iron production processes; the increasing use of water power and steam power ; the ...
The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840. It marked a major turning point in history and almost every aspect of daily life was influenced in some way. In particular, average income and population began to exhibit unprecedented sustained growth.
Whitney's cotton gin could have possibly ignited a revolution in the cotton industry and the rise of "King Cotton" as the main cash crop in the South. However, it never made him rich. Instead of buying his machine, farmers built inferior versions of their own which led to the increasing need for African-American slave labor [32] 1795 Wheel cypher
A number of historical developments were at play in bringing Britain's panic of 1825 to fruition. Along with the industrial revolution came rapid developments in finance and banking. Also in the period leading up to the crisis, Britain remained heavily involved in the enormously expensive French Revolutionary and Napoleonic Wars. [3]
The Industrial Age is a period of history that encompasses the changes in economic and social organization that began around 1760 in Great Britain and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines such as the power loom and the steam engine, and by the concentration of industry in ...
Commercial revolution (c. 1000–1760) Industrial Revolution (c. 1760–1840) Second Industrial Revolution (c. 1870–1914) Post-World War II
Industrial revolution [ edit ] During the period between 1760 and 1830 the Lowland Clearances reduced demand for farm labour, forcing families to the cities to find work, usually in the mills.
As an attempt at stabilizing the British economy, the ministry of Robert Peel passed the Bank Charter Act of 1844. [7] This Act fixed a maximum quantity of Bank of England banknotes that could be in circulation at any one time, and guaranteed that definite reserve funds of gold and silver would be held in reserve to back up the money in circulation. [8]