The Industrial Revolution brought about the beginning of modern capitalism and the emergence of industries such as steel and coal, which are important to this day. The power of industrialization led to the rapid development of cities and factories, creating an urban society and causing widespread social change.The American Industrial Revolution was a period of significant and rapid technological change that transformed the nation's economy. It began in the latter half of the 19th century, when American entrepreneurs and scientists created new machines and processes that allowed for greater productivity and mass production. Although mechanization was already in use elsewhere in the world, America is widely considered to have been at the forefront of this new wave of innovation."The industrial revolution was a time of great change," said Eric Beinhocker, professor of management at Stanford University. "It resulted in a major increase in productivity and living standards, with the possibility of mass communication and mass production."
Innovations such as steam power, interchangeable parts, the assembly line and other inventions made it possible for entrepreneurs to build factories outfitted with machines that could do the work once done by human laborers--and to hire more people than ever before. The United States led the world in these innovations during this period--the country's economic output grew at all.The Industrial Revolution changed the way in which people live their lives. With new technology and innovations, the economy grew and civil life improved. This is a second industrial revolution that occurred in the 20th century. It brought with it larger factories, mass production, and many new products. This period of time was characterized by the rapid development of transportation, communication, and mass production.
