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Creation of new products
The industrial Revolution was the product of new inventions and enhancing ones that were current. The creation & imagination that developed the Industrial Revolution had nothing to do with Imperialism. For the most part Imperialism that created colonies from foreign peoples was done to secure valuable minerals and stake out territorial claims to advance power & prestige.
Both created fundamental changes in the European economy.
It played a major role in the birth of the industrial revolution with the creation of the Beverly Cotton Manufactory in 1787.