Question

explain following aspects in context of industrial revolution

a) financing and money

b) agricultural revolution

thanks​

Answer 1

Answer:

1-The Industrial Revolution, now also known as the First Industrial Revolution, was the transition to new manufacturing processes in Europe and the United States, in the period from about 1760 to sometime between 1820 and 1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, the increasing use of steam power and water power, the development of machine tools and the rise of the mechanized factory system. The Industrial Revolution also led to an unprecedented rise in the rate of population growth.

2-GDP per capita was broadly stable before the Industrial Revolution and the emergence of the modern capitalist economy,[12] while the Industrial Revolution began an era of per-capita economic growth in capitalist economies.[13] Economic historians are in agreement that the onset of the Industrial Revolution is the most important event in the history of humanity since the domestication of animals and plants