What was the impact of the water-powered loom on the cottage industry?

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What was the impact of the water-powered loom on the cottage industry?
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Introduction

Also known as the First Industrial Revolution, the Industrial Revolution is known for its transition in Europe's manufacturing process from 1760 to 1820-40.

During this time, many changes occurred in the production and manufacturing process. Industrial Revolution is also known as the time when machines replaced human labor, and everything was mechanized. The primary catalyst of the First Industrial Revolution was the invention of the steam engine.

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