The European Economy in the late Eighteenth Century

An increase in the volume of production in the British Isles, sustained with few interruptions throughout the eighteenth century, increased much more rapidly in the last few decades of that century. Changes in the organisation and techniques of production, which had already been developing for a long time, burst into greater prominence in an efflorescence of technological invention, and the widespread social and economic changes which came as a consequence produced the expression ‘Industrial Revolution’.