Rapid economic growth began to occur after 1870, springing from a new group of innovations in what has been called the Second Industrial Revolution. New technologies such as the electrical telegraph, widely introduced in the 1840s and 1850s, were not powerful enough to drive high rates of growth. Innovations developed late in the period, such as the increasing adoption of locomotives, steamboats and steamships, and hot blast iron smelting. Īn economic recession occurred from the late 1830s to the early 1840s when the adoption of the Industrial Revolution's early innovations, such as mechanized spinning and weaving, slowed as their markets matured. Mechanized textile production spread from Great Britain to continental Europe and the United States in the early 19th century, with important centres of textiles, iron and coal emerging in Belgium and the United States and later textiles in France. Rapid industrialisation first began in Britain, starting with mechanized textiles spinning in the 1780s, with high rates of growth in steam power and iron production occurring after 1800. Ashton held that it occurred roughly between 17. Eric Hobsbawm held that the Industrial Revolution began in Britain in the 1780s and was not fully felt until the 1830s or 1840s, while T. The precise start and end of the Industrial Revolution is still debated among historians, as is the pace of economic and social changes. Economic historians agree that the onset of the Industrial Revolution is the most important event in human history since the domestication of animals and plants. GDP per capita was broadly stable before the Industrial Revolution and the emergence of the modern capitalist economy, while the Industrial Revolution began an era of per-capita economic growth in capitalist economies. Some economists have said the most important effect of the Industrial Revolution was that the standard of living for the general population in the Western world began to increase consistently for the first time in history, although others have said that it did not begin to improve meaningfully until the late 19th and 20th centuries. In particular, average income and population began to exhibit unprecedented sustained growth. Comparable only to humanity's adoption of agriculture with respect to material advancement, the Industrial Revolution influenced in some way almost every aspect of daily life. The Industrial Revolution marked a major turning point in history. The development of trade and the rise of business were among the major causes of the Industrial Revolution.

Britain had major military and political hegemony on the Indian subcontinent particularly with the proto-industrialised Mughal Bengal, through the activities of the East India Company.

By the mid-18th century, Britain was the world's leading commercial nation, controlling a global trading empire with colonies in North America and the Caribbean. The Industrial Revolution began in Great Britain, and many of the technological and architectural innovations were of British origin. These tensions were sometimes violently released and led to philosophical ideas such as socialism, communism and anarchism. Visible poverty on one hand and growing population and materialistic wealth on the other caused tensions between the very rich and the poorest people within society. On a structural level the Industrial Revolution asked society the so-called social question, demanding new ideas for managing large groups of individuals. The textile industry was the first to use modern production methods, : 40 and textiles became the dominant industry in terms of employment, value of output, and capital invested. Output greatly increased, and a result was an unprecedented rise in population and in the rate of population growth. 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 development of machine tools and the rise of the mechanized factory system.

The Industrial Revolution, also known as the First Industrial Revolution, was a period of global transition of human economy towards more efficient and stable manufacturing processes that succeeded the Agricultural Revolution, starting from Great Britain, continental Europe, and the United States, that occurred during the period from around 1760 to about 1820–1840.

Revo nails and