discuss the major economic and technological developments during the Industrial Revolution. Provide 4 sentences.

The Industrial Revolution saw a major shift from agrarian societies to industrial economies, with advancements in machinery and manufacturing processes leading to increased production and efficiency. Technological developments such as the steam engine, spinning jenny, and power loom revolutionized the textile industry and propelled the growth of factories. The development of railroads and steamships transformed transportation, allowing for faster and cheaper movement of goods and people. These economic and technological advancements ultimately led to urbanization, the rise of capitalism, and the expansion of global trade during the Industrial Revolution.