(par. 1) The Industrial Revolution brought changes during the nineteenth century in England and in the western world and led to growth of two systems of thought:

1) Economic science 2) Socialism

a) Adam Smith
b) Malthus
c) Ricardo
d) John Stuart Mill

(par. 2-3) Facts of Industrial Revolution.

1) growth of population
2) decline of agricultural population

(par. 4) Decrease in rural population.
causes:
1) The destruction of the common-field system of cultivation
2) The enclosure
3) The consolidation of small farms into large

(par. 5) Agricultural advance.
cause - more scientific approach:
e.g.
rotation of crops
the breed of cattle is improved
Steam - plough is invented
agricultural societies

(par. 6-7) Growth of industry.
causes;

1) mechanical inventions in textile industry
e.g.
the spinning-jenny
the water-frame
Crompton's mule
the self-acting mule
most important:
steam engine
the engine for a cotton-mill

2) mechanical revolution in iron industry
e.g.
the invention of smelting by pit-coal
the application of the steam-engine

3) improved means of communication
e.g.
the Grand Junction canal
the Grand Trunk canal
railroad

results:
1) an extraordinary increase in commerce
2) substitution of factory system for domestic system.

(par. 8) Revolution in distribution of wealth:
rise in rents caused by
1) the enclosure system
2) the consolidation of farms
3) French war
4) high price of corn
social changes in country life:

(par.9) Social changes in manufacturing world: the farmers shared in the prosperity of the landlords; for many of them held their farms under beneficial leases, and made large profits by them.
consequences:
1) they ceased to work and live with their labourers
2) cash nexus
3) class conflict.

(par. 10) Misery of working people often caused by:

1) the conditions of labour
2) the rise of prices
3) fluctuations of trade

Conclusion:
The Industrial Revolution prove that free competition may produce wealth without producing well-being.

 ESSAY

The Industrial Revolution is an historical process which brought radical changes in nineteen
century in England and in all the western world.

The Industrial Revolution brought to the  birth of two different type of thought:
economic science and socialism. The four great economists of this period are
Adam Smith, Malthus, Ricardo and John Stuart Mill. During this period we have
the growth of industry because of inventions we have in this age. Inventions
like the spinning-jenny and the water-frame, then we have the application of
the steam engine, the invention of smelting by
pit-coal and the improving of communications. All this things brought to an
extraordinary increase of commerce and to a substitution of factory system for
domestic system.

The people who live in South England go to the North and work in mines and so
we have an increase of inhabitants in Northern cities and a decrease of inhabitants 

in rural cities. We have also a social
classes change and so we have the rich and the poor. This creates so much
conflict.

The effects of Industrial Revolution prove that free competition may produce
wealth without producing well-being.