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Term of the Day industrial revolution Unprecedented technological and economic development that began during 1830s in UK and spread in varying degrees to the rest of Europe, US, and Japan. It replaced the animal and human power by mechanical power and transformed agriculture based economies to manufacturing based ones. It seeds lie in the invention (by Thomas Newman of UK in 1712) and development(by James Watt of UK in 1769) of steam engine which was first applied to mining and textile making operations. Industrial revolution shifted the balance of power from the landowning class to the entrepreneurial class, ended thedomestic system of production, and created an urban working class. It is said to have ended by the middle of 20th century with the start of second industrial ... Learn more about this term Usage Example Without the industrial revolution, the cities we have today may not exist. New factories drew workers to urban areas, leading to technological advances and increased production.

Featured Article Finding a Financial Advisor for Your Business Venture Once you've finally jumped over the biggest hurdle of all in terms of starting your own business - namely, getting the capital together to actually get your...