Industrial Revolution, is the process of transition from an agrarian and manual economy to one characterized by industry and machine manufacturing.
Over the years there have been a series of industrial revolutions. Below are a list of the for industrial revolutions
First Industrial Revolution: Coal in 1765
Second Industrial Revolution: Gas in 1870
Third Industrial Revolution: Electronics and Nuclear in 1969
Fourth Industrial Revolution: Internet and Renewable Energy in 2000
One similar impact of the industrial revolution in Europe and Latin America is rapid urbanization which involved the movement of people to cities. This made the rural ares less populated than the urban areas.
1. IR was the most significant change since the Agricultural Revolution. Human ways of life were fundamentally altered.
2. The Industrial Revolution created new classes of people in society.
3. It created new work patterns.
4. It enormously increased the output of goods and services because of a completely unprecedented jump in the capacities of human societies to produce wealth.
5. It was driven by a culture of innovation, a widespread and almost obsessive belief that things could be improved endlessly.
