Industrial Revloution

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The industrial Revolution first originated in Great Britain at the end of the 18th century. It profoundly altered Britainís economy and society. The most immediate changes were in the nature of production: what was produced, as well as where and how. Labor was transferred from the production of primary products to the production of manufactured goods and services. Far more manufactured goods were produced than ever before, and technical efficiency rose dramatically. In part, …

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…have been industrialized in the 20th century. By definition successful industrialization leads to a rise of national income per capita. It also leads to changes in the distribution of income, in living and working conditions, and in social conduct and convention. The Industrial Revolution in Great Britain and elsewhere led initially to a fall in workers' purchasing power or to a deterioration in their living conditions. Such questions are the subject of much modern research.