Industrial Revolution brought social and economic changes that transformed the agricultural society to a modern industrial society. The industrialised nations needed raw materials for their industries as well as markets for their finished good. The necessitiated colonization of under developed countries.
This transformed the industrial nations into imperialists and led to rivalry among them for supremacy. This imperialism and rivalry led to World Wars.
Textile Industry: Textile Industry was the first one with mass production.
Steam Engine: Steyewron invented the steam engine. In 1764 James Watt improved upon the design & improved the efficiency of the stream engine fourfold.
Coal and Iron: The steam engine, coal and iron laid the foundations for modern Industry.
Transportation and Communication
In 1700 bridges and roads were constructed. Soon steam engine & railways were transporting goods over tracks throughout England & supporting canal transportation.
The invention of telegraph and telephone made it possible to communicate in the world.
Rise of Imperialism and Colonialism
The main feature of Imperialism was that it drained out the wealth resources from the colonies and transferred them to the imperialist countries.
Impact Of Imperialism: It drained both Asia and Africa of their wealth, raw materials and the exploited their markets by selling their industrial goods, imperialist countries thereby destroying the economy of these colonies.