How Did The Industrial Revolution Affect The Economy

In the late 18th century, the Industrial Revolution fired up, like a steam engine, its ceaseless fire roared from Western Europe, to the Ottoman Empire crossing seas reaching as far as North America, lasting until it was finally extinguished on the brink of the 19th century. Unlike other revolutions, which primarily focused on political changes, the Industrial Revolution created technology, developed social changes and expanded the global economy. However, the effects of the Industrial Revolution varied from country to country. For instance, according to the article, “The Industrial Revolution outside the West”, written by Peter N. Stearns, Russia began importing manufacturing goods from Britain as they had already undergone the Industrial
The Industrial Revolution changed the world as it was before known, this long lasting, eventful and progressive era paved the way for progress, it allowed humans to see the man power, the intelligence and the determination they possessed. Not only Europeans, but the whole entire world was able to see that a revolution did not have to be bloody to result in a change. During the decades that the Industrial Revolution lived through, we were able to not only see technological changes but also social and economic changes, it effected the world so much that the global market was completely changed, trading increased throughout the world, especially in the European nations, their GDP became stable, which had never been before. The Industrial Revolution allowed humans to see that the world was changing, it opened their eyes, and it gave them a taste for the future, something that only happened during the Renaissance as De Vries explained. The Revolution paved the way for the second Industrial Revolution, further improving machinery and life standards, afterwards the whole world became industrialized, paving the roads for future generations to live in, creating more factories and jobs for their children to not become unemployed like many of them were. The Industrial Revolution was not just a revolution, it was a time that was bound to happen, humans are meant to improve, not just technologically but also socially, and it is easy to see this fact, Russia suffered a great loss for not industrializing as soon as their neighboring countries did, the Ottoman Empire was collapsing due to it not being able to industrialize and keep up with England and France. The Industrial Revolution was truly a marvelous time for human