There was a synergy with coal too. Wood is much easier to obtain, but lower energy density for industrial uses. Steam engines help move coal and pump water out of mines. Europe was becoming relatively deforested and there wasn't enough for big engines.
Steam, coal, iron, banks all co-developed for the first phase on the industrial revolution.
I recall a interview in recent years with James Burke, about his Connections tv series.
At one point he mentions that he basically had to ignore certain aspects to fit things into a clean narrative, as things were just so darn interconnected.
And even then you get some inkling of that in some episodes, where he basically has to tell the viewers to keep some event in mind while he rewinds and starts on a different branch that will eventually reconnect to the event to drive the story onwards.
And from a technical aspect you can sometimes see this in old telecom setups. Where now retired box A was used to bootstrap box B, that then bootstrapped box C, that was used to bootstrap box A+1. Except that if you then have a complete power failure you find that you can't bring up any of it because none of them can be booted on their own.
