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The Industrial Revolution, which took place from the 18th to 19th centuries, was a period during which predominantly agrarian, rural societies in Europe and America became industrial and urban.
The Industrial Revolution was invented in Britain in the eighteenth century because that was where it paid to invent it. The success of R&D programs in eighteenth century Britain depended on another characteristic of the high wage economy.he Industrial Revolution was Britainâs creative response to the challenges and opportunities created by the global economy that emerged after 1500. This was a two step process. In the late sixteenth and early seventeenth centuries a European-wide market emerged.