As of 2017, magnetic storage media, primarily hard disks, are widely used to store computer data as well as audio and video signals. In the field of computing, the term magnetic storage is preferred and in the field of audio and video production, the term magnetic recording is more commonly used.
The development of the spinning machine by Sir Richard Arkwright in England led directly to the rise of the Industrial Revolution, and a new world of manufactured products.
The Industrial Revolution was invented in Britain in the eighteenth century because that was where it paid to invent it. Britainâs success in international trade led to a high-wage, cheap energy economy at home, which in turn created a demand for new technology â the famous inventions of the Industrial Revolution.he Industrial Revolution was invented in Britain in the eighteenth century because that was where it paid to invent it. The success of R&D programmes in eighteenth century Britain depended on another characteristic of the high wage economy.