The Industrial Revolution changed the way economies worked all around the world. It moved societies from farming to becoming strong industrial centers.

Key Changes:

1. Economic Structures:

   • Rise of Factories: Before, people made things at home. Now, factories became the main places where products were made. This allowed a lot of goods to be produced at once.
   • Emergence of Capitalism: A new system called industrial capitalism began. Entrepreneurs started investing in machines and hiring workers, which changed how wealth was shared.

2. Technological Advances:

   • Steam Engine: This invention changed transportation and how things were made. It helped move goods faster and more efficiently.
   • Textile Innovations: New inventions like the spinning jenny improved the way clothes and fabrics were made, keeping up with what people wanted.

3. Global Impact:

   • Trade Growth: Making more products led to more trade. Countries started connecting with each other, creating a web of economic support.
   • Labor Movement: As factories needed more workers, some were treated poorly. This led to movements for workers' rights, which helped shape modern jobs.

The Industrial Revolution was a major turning point that still affects our economies today!