The textile industry, in particular, was transformed by industrialization. Before mechanization and factories, textiles were made mainly in people’s homes (giving rise to the term cottage industry), with merchants often providing the raw materials and basic equipment, and then picking up the finished product. Workers set their own schedules under this system, which proved difficult for merchants to regulate and resulted in numerous inefficiencies

An innovation was something that was already created but someone made it better than the previous or first product before it.

Impact of innovation was again either good or bad because it depended if the innovator made a better product than the original one and adjusted it to make it work better. Because not always is the first person’s invention works out in all scenarios so that is why people adjusted it constantly for example a phone. It keeps on getting better and better with new features and things like that. series of innovations led to ever-increasing productivity, while requiring less human energy. For example, around 1764, Englishman James Hargreaves (1722-1778) invented the spinning engine a machine that enabled an individual to produce multiple spools of threads simultaneously. By the time of Hargreaves’ death, there were over 20,000 spinning jenny’s in use across Britain. The spinning engine was improved upon by British inventor Samuel Compton’s (1753-1827) spinning mule, as well as later machines. Another key innovation in textiles, the power loom, which mechanized the process of weaving cloth, was developed in the 1780s by English inventor Edmund Cartwright (1743-1823).

Inventor or invention is some Individual who is the first to develop or manufacturer something.
Impact of inventions were that they could be good or bad meaning that if someone created a simple way of doing something it would be easy for everyone to use or do but some people would lose their jobs and wouldn’t be able to find work anywhere else for example a great invention was the light bulb The major economic impact of the light bulb was that it allowed factories and other businesses to run even in the night. This increased economic production dramatically. The steam engine was one of the most economically important inventions of all time. The steam engine essentially created the Industrial Revolution.