The Industrial Revolution was the change from an agrarian and handicraft economy to an industrial and machine manufactured one. It was technological, socioeconomic, and cultural modifications. There were more things being produced by these machines, but not as many employers were needed to get the job done. This lead to a rise of competition between nations, and as a result, nationalism and imperialism. There were elements of private property, rights and freedoms, self-interest, and competition that were major contributions, which are also the main factors of classical liberalism.