Lecture Notes

































Industrial Revolution

The Industrial Revolution refers to the changes brought on by factories and machines.

What is an economy? A nation’s economy is all the business being done by that nation. More precisely an economy is the system of production, distribution, and sale of goods and services in a region such as a city, a nation, or the world. In the 1800s, the U.S. economy and economies of other countries like Great Britain underwent a major change called the Industrial Revolution. The Industrial Revolution was an economic shift from farming to manufacturing. Before the Industrial Revolution most wealth was created by agriculture; afterwards most wealth was created by making and selling manufactured products.

The Industrial Revolution was also a technological shift to powering machines by burning fuels such as coal and gasoline. Before this, power had been supplied by wind, water, or muscle. New inventions of the Industrial Revolution included railroad locomotives, steamships, cars, airplanes, the light bulb, and improved processes for making steel. The Industrial Revolution was also a big social change as people moved from farms to cities to work in factories. Large numbers of immigrants also came from foreign countries to work in American factories. Cities grew larger and more important as did the difficulties of managing them.

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