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Importance of Industrial Revolution: Effects, Factors, and Key Products

Explore the significance of the Industrial Revolution and its effects on Europe's economy, including the shift from agriculture to factories. Discover the five key factors that set up the revolution, such as abundant food, population growth, and access to capital. Learn about the essential products of industrialization, including cotton, coal, and iron. Understand the benefits and challenges of revolutionary inventions like the steam engine, power looms, and electronic memory devices.

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Importance of Industrial Revolution: Effects, Factors, and Key Products

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  1. Industrial Revolution Why do we consider the Industrial Revolution important? • Effects: Europe shifted from farm- and handicrafts-based economy, to an economy based on machines in factories

  2. Industrial Revolution Five key factors set it up • Lots of food • Lots of people • Ready supply of money (capital) • Abundant natural resources • Markets to sell to

  3. Industrial Revolution Lots of food • Farming practices changed; good weather helped. There was enough food to go around, a dramatic increase in the food supply.

  4. Industrial Revolution Lots of people • With ample food supplies, population expanded; this provided a ready supply of labor, of workers, to staff the factories

  5. Industrial Revolution Lots of money • Entrepreneurs sought to expand their fortunes, by investing. People in search of profits made the factories, pushed the inventions, drove the progress • capital, entrepreneurs

  6. Industrial Revolution Natural resources Britain: Rivers provided water power and transportation. Coal and iron ore meant steel, and railroads – use of steam engine was possible

  7. Industrial Revolution Ready markets to sell to • Britain’s colonies were a ready outlet for goods; British merchant ships could transport. Trade, especially in cotton goods, pushed the development of machines and transportation

  8. Industrial Revolution • Key products for industrialization • Cotton • Coal • Iron • Why were these products so important?

  9. Industrial Revolution Cotton • A cottage industry • Key inventions made it industrial • Cotton ‘gin in U.S. • Flying shuttle • Spinning jenny • Water-powered loom • Steam engine • By 1840, cotton was Britain’s most valuable product

  10. Cotton ‘gin

  11. Flying shuttle

  12. Spinning jenny

  13. Water powered looms

  14. Power looms

  15. Refrigerator Needed: • Power compressor • Electricity • Industrial ammonia (and later cooling fluids) Benefits: • Food storage and preparation • Medicine • Science

  16. Carriages with internal combustion engines

  17. Benefits: • Speed • Hauling power • ‘Round the clock availability • Inexpensive

  18. Problems, effects • Dependence on oil • Pollution • Land use • Social issues • Romance • Isolation • Family and job structure

  19. Electronic memory devices Benefits • Amazing storage • Drives other technologies • Ease of use BUT • Expensive • Socially and culturally isolating

  20. Quick and safe home appliances Requires: • Utility hookup – gas or electric – or significant infrastructure to operate BUT • Enormous benefits in time and cleanliness, including air pollution

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