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The term ‘Industrial Revolution’ stands for those developments and inventions which revolutionised the technique and organisation of production in the later half of the 18 th century. This Industrial Revolution replaced the previous domestic system of production by the new factory system. In place of manual and animal power, new machines and steam power were used for producing things. This revolution replaced cottage industries by factories, hand labour by machine work and craftsmen and artists by capitalists and factory owners.
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