The event often considered the start of the Industrial Revolution is the introduction of the steam engine and mechanized textile production in the late 18th century, particularly in Britain. The innovations in machinery and energy transformed industries, leading to increased production efficiency and a shift from agrarian economies to industrialized ones. Key figures, such as James Watt, were instrumental in developing steam power. This period brought about significant societal changes, including urbanization, changes in labor practices, and the rise of factory systems.