Industrial Revolution or Industrial Revolution, the effect of new inventions on production in the 18th and 19th centuries in Europe, and the fact that steam powered machines gave birth to mechanized industry, and these developments increased the capital accumulation in Europe. The Industrial Revolution first emerged in the United Kingdom, then spread to Western Europe, North America and Japan and spread all over the world.
Rapid population growth, beginning in the 16th century, Europe's population grew rapidly.
Developments in agriculture reduced the need for population in this sector and caused this population to migrate to cities. Thus, a workforce ready for the urban industry was formed.
The standard of living has risen. Goods such as sugar, coffee, and tea, which were considered luxuries in the past, were now becoming a natural necessity for the middle class and lower classes. This indirectly increased the demand for consumer goods.
Large-scale looting was the most important source of finance for the Industrial Revolution. Both the Central American gold looted by the Spaniards and the British ships that hit the Spanish ships and looted the looters carried tons of gold to Europe. All this supported the processes that led to the Industrial Revolution in the 16th and 17th centuries.
In India, on June 23, 1753, the British (Battle of Plessey), who defeated the French troops on the battlefield, confiscated the huge treasury of the Mughal emperors. It can be said that the money and financial opportunities that emerged in the economy of this country with the transfer of this treasure to England were the primary arguments in explaining the realization of all technical inventions related to weaving and steam machines between 1758 and 1791. It was formed between the 18th and 19th centuries.
Colonialism, European countries created new colonies and started to use the goods they brought from here in industry, processed and sold them to the colonies again.
The importance of banking and insurance studies has increased.
