The First Industrial Revolution
This chapter concerns the Industrial Revolution. The Industrial Revolution involved the transformation of organic economies by means of a complex of changes which gave birth to the modern world. In Europe, East Asia, and elsewhere those economies were agricultural. Thus the chapter discusses the replacement of an economy 80 per cent of the output of which might have been agricultural by another in which manufacturing became the dominant sector. This involved a transition in the scale of manufacturing from artisanal to large-scale workshop and then factory production. In Britain, that entailed technological innovation, but it would not have been possible in the first place without prior sustained changes in the rest of the economy and society.