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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.
It is still not clear among economic historians why the Industrial Revolution actually took place in 18th century Britain. This column explains that it is the British Empireâs success in international trade that created Britainâs high wage, cheap energy economy, and it was the spring board for 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 programs in eighteenth century Britain depended on another characteristic of the high wage economy.