Industrial Revolution

(proper noun)

The major technological, socioeconomic, and cultural change in the late 18th and early 19th century, resulting from the replacement of an economy based on manual labor to one dominated by industry and machine manufacture.

Related Terms

Examples of Industrial Revolution in the following topics:

  • Productivity Gains from Hardware

    • Since the beginning of the Industrial Revolution, some major contributors to productivity have been:
    • The most important mechanical devices before the Industrial Revolution were water and windmills.
    • Just before the Industrial Revolution, water power was applied to bellows for iron smelting.
    • Later in the Industrial Revolution came the flying shuttle, a simple device that doubled the productivity of weaving.
    • Machine tools, which cut, grind, and shape metal parts, were another important mechanical innovation of the Industrial Revolution.

  • Productivity Gains from Technology

    • Later, near the beginning of the Industrial Revolution, came publication of the Encyclopédie, written by numerous contributors and edited by Denis Diderot and Jean le Rond d'Alembert (1751–72).
    • However, technological and economic progress did not proceed at a significant rate until the English Industrial Revolution in the late 18th century, and even then productivity grew about 0.5% annually.
    • High productivity growth began during the late 19th century in what is sometimes called the Second Industrial Revolution.
    • Most major innovations of the Second Industrial Revolution were based on the modern scientific understanding of chemistry, electromagnetism theory, and thermodynamics.
    • Since the beginning of the Industrial Revolution, some of the major contributors to productivity have been as follows:

  • Forces in Consumerism

    • The seeds of modern day consumerism grew out of the Industrial Revolution.
    • In the nineteenth century, capitalist development and the industrial revolution were primarily focused on the capital goods sector and industrial infrastructure.
    • While previously the norm had been the scarcity of resources, the Industrial Revolution created a new economic situation.
    • After the Industrial Revolution, products were available in outstanding quantities, at low prices, being thus available to virtually everyone.
    • Industrialization of developing countries, facilitated by technology and globalization is further straining these resources.

  • A Brief Definition of Brand

    • During the Industrial Revolution, the production of many household items, such as soap, was moved from local communities to centralized factories to be mass-produced and sold to the wider market.

  • Innovation

    • Innovations in the method of iron production catalyzed the Industrial Revolution of the nineteenth century.

  • Strikes

    • Strikes became important during the Industrial Revolution when mass labor became important in factories and mines.

  • The Communist Economic System

    • This idea was established during the Industrial Revolution when many workers were treated unfairly in France, Germany, and England.

  • Modern Trends in Marketing

    • The tremendous growth and change in business marketing is due to three "revolutions" occurring around the world today.
    • First is the technological revolution.
    • Second is the entrepreneurial revolution.
    • The third revolution is occurring within marketing.

  • Researching Industrial Markets

    • Industrial marketing (or business-to-business marketing) is the marketing of goods and services by one business to another.
    • Industrial marketing (or business-to-business marketing) is the marketing of goods and services by one business to another.
    • Industrial goods are those an industry uses to produce an end product from one or more raw materials.
    • Industrial marketing can cross the border into consumer marketing.
    • Industrial marketing often involves competitive tendering.

  • Channels for Industrial Goods