iðnbyltingin

The Industrial Revolution, or iðnbyltingin in Icelandic, refers to a period of major industrialization and innovation that took place in the late 18th and early 19th centuries. This era marked a profound shift from agrarian and handicraft economies to those dominated by industry and machine manufacturing. Key developments included the invention of new machines, the harnessing of new power sources like steam, and the growth of factories. These changes led to significant societal transformations, including urbanization, new social classes, and a dramatic increase in the production of goods.

While the Industrial Revolution is often associated with Britain, its influence spread globally, impacting economies and societies in various ways. In Iceland, the effects of the Industrial Revolution were felt later and in a somewhat different manner compared to mainland Europe. Modernization efforts in Iceland, particularly in the fishing industry and infrastructure development, began to gain momentum in the late 19th and early 20th centuries, drawing inspiration from industrial advancements elsewhere. These changes facilitated a move away from a purely subsistence economy towards a more market-oriented one, improving living standards and contributing to the nation's development. The legacy of the Industrial Revolution continues to shape the modern world.