For example, the following inventions were introduced during the timeframe of the Industrial Revolution: spinning jenny, power loom, flying shuttle, water frame and the steam engine. This trend continues still today with entrepreneurs constantly working to develop new technologies and inventions. As a result, this has improved the lives of most people and allowed them access to a greater variety of goods that has enhanced their quality of life.įurthermore, as part of the development of the factory system, the Industrial Revolution also led to many new technological innovations. Ultimately, the factory system led to faster production, which has helped mass produce everything from cell phones to healthcare equipment. The factory system is a term that historians use to refer to the development of centralized factories or mills that produced goods on a mass scale. As a result, entrepreneurs and inventors sought ways to increase production, which ultimately led to the creation of the factory system. ![]() This method of production was slow and inefficient and struggled to keep pace with the growing demand caused by the increased population. In this system, people produced goods, such as wool, in their homes or on their own farms and then sold it to local communities since long distance transportation was uncommon. Simply put, the cottage industry refers to a period of time in which goods for sale were produced on a small scale, usually in a home. Historians refer to this method of production as the ‘ cottage industry’. Before the start of the Industrial Revolution, the production of goods was done on a very small scale.
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