Principles of Macroeconomics / Unit 4 MAC 0302 short lesson, about 20 seconds
The Industrial Revolution
Captions available
The idea
The Industrial Revolution was the spread of power-driven machinery from the early eighteen hundreds: the steam engine, the power loom, the locomotive.
In practice
It began in Britain and spread to the United States and Germany.
Where people slip
It started a self-reinforcing cycle: invention drew investment, investment produced profit, and profit funded more invention.
Your place on the trail
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Builds on
Unlocks
- Nothing yet depends on this.
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