Modern industry is stated by some writers to have begun in 1738 when John Wyatt brought out a spinning machine. Others place the period as between 1750 and 1800, when the power loom and steam engine came into being. It was marked by the development of labor-saving machinery. It was brought about by the change from handicraft to manufacture.
ASME Sub-Committee on Administration , "The Present State of the Art of Industrial Management : Majority Report of Sub-Committee on Administration," ASME Transactions 34 (1912): p. 1132
