The First Industrial Revolution

Business History

Time: 1750 – 1850 Space: England

The nature of change is multi-dimensional. While we have been focusing till now on different kinds of changes which happened in Europe over 4 to 5 long centuries, the nature of these changes (events and processes) was largely socio-political (at least initially). However, change can be driven by technological changes too. We are indeed living in a period of massive technological transformations. This period that we live in is referred to as the Fourth Industrial Revolution. This means, quite obviously, that there have been industrial revolutions before as well. It also means that all these revolutions began or started in industry or in the area/realm of production, even though the consequences of these changes may have been far-reaching and covered social, political, economic, cultural, religious and material aspects of human life.

The First Industrial Revolution used water and steam power to mechanise production. The

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