The Industrial Revolution facilitated increased production and consumption, benefiting society through improved efficiency and transportation, exemplified by the growth of industries like cotton mills in Manchester. However, it exacerbated wealth inequality and led to urban problems such as pollution and crime, while reflecting the interests of the elite. Industrial reform progressed slowly from 1815 to 1914 due to the emergence of the bourgeoisie, the capitalists' desire to maintain power, and a slowdown in technological advancements.