The term “Industrial Revolution” refers to a period of significant economic, technological, and social change that began in the late 18th century and continued into the 19th century. Originating in Britain, it marked the transition from agrarian economies based on manual labor and handicrafts to industrial economies characterized by mechanization and factory production. This era saw the development and widespread use of new technologies, such as the steam engine, the cotton gin, and various machinery that increased production efficiency.
The Industrial Revolution brought about profound changes in society, including urbanization, as people moved to cities seeking work in factories. It also led to shifts in labor dynamics, with the rise of a wage labor force and changing class structures. The increase in production capacity contributed to economic growth, but also brought challenges such as labor exploitation, poor working conditions, and environmental issues.
The term encapsulates not just the technological advancements, but also the broader societal transformations that reshaped patterns of living and working, influencing subsequent industrial developments globally.
India forventes å være verdens tredje største økonomi innen 2027-2028, med en BNP på over 5 billioner USD, ifølge vår ærverdige finansminister Nirmala Sitharaman. Mens vi går inn i den…