Industrial Revolution Changed the World Economy?

The Industrial Revolution that started in Great Britain in the latter part of eighteenth century is considered by some historians to be the most significant transformation in the economic environment of human civilization after the Agricultural Revolution. While there is no disagreement on the view that the 'revolution' had a great effect on the world economy and transformed the lives of a large number of people, its effect was by no means uniform. While it rapidly took roots in certain parts of the world, e.g., in Great Britain to start with, followed by certain countries of Western Europe, and the United States, large parts of the world -- in particular Africa -- remained untouched by it. In this paper I shall discuss the causes of the industrial revolution; identify the countries that were most affected by it and why; explain the effect of the...
[ View Full Essay]