The Industrial Revolution began in the second half of 18th century and had an everlasting effect on Europe, and the rest of the world. It caused major changes in agriculture, manufacturing, mining, transport and technology. Eventually, socioeconomic and cultural conditions began to change in Britain, which then spread throughout Europe, then eventually the world. These changes made Europe and the rest of the world more modern. Proof of this can be seen in more efficient trade & transport and mass production that were a product of Industrial Revolution. This essay will seek to demonstrate the most significant effect these two components had on modernity and how they shaped Europe, and the rest of the world. The time period covered by the Industrial Revolution varies according to Historians, but according to Eric Hobsbawm, it started in Britain in the 1780s and fulfilled its potential in the 1830s or 1840. Some important effects of these two components comprise of, but are not limited to include: technological and chemical innovations, improved trade, transportation and increase in wealth etc. Almost all aspects of daily life were influenced in some way by the Industrial Revolution; hence it marks a major turning point in human history. Industrial Revolution was an achievement of sustained economic growth that began the industrialization of the European economy. Growth did not reach a plateau in Britain as it did in other countries in Europe. Depressions and recessions were temporary and the economy still grew. Industrialization raised the standard of living and overcame the poverty that most Europeans, who lived during the 18th century and earlier, had taken for granted. The continental writers observed what had taken place in Britain industrially was the economic equivalent of the political events in France, hence an Industrial Revolution. This had