Key Innovations of the Industrial Revolution
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Machines, Steam, and Factories
Another essential element in this change was technological innovation.
Machines substituted human labor. Each technical progress meant a rise in productivity and a decrease in production costs, which allowed goods to be sold cheaper, increasing demand and generating greater profits.
The first machines were driven by human force and then hydro-electric power. But the source of energy that revolutionized production was steam. The steam engine, invented by James Watt in 1769, used coal as fuel. It became the symbol of the Industrial Revolution.
Mechanization and the introduction of new energy sources caused the spread of the factory system of production. This system consists of concentrating workers and machines in large... Continue reading "Key Innovations of the Industrial Revolution" »