The term `Industrial Revolution` refers to the significant change and transformation that occurred in the late 18th and early 19th centuries when the manufacturing industry shifted from manual labor to machines and factories.

Option 1, J. A. Blanqui, is not the correct answer. While Blanqui was a French economist and historian who studied the revolutionary periods in France, his work did not involve coining the term "Industrial Revolution."

Option 2, T. S. Ashton, is also not the correct answer. Ashton was a British economic historian who extensively studied the Industrial Revolution, but he did not invent the term itself.

Option 3, Arnold Toynbee, is the correct answer. Toynbee was a British economist and social reformer who is credited with first using the term "Industrial Revolution" in a lecture he gave in 1881.

Option 4, R. H. Tawney, is not the correct answer. While Tawney was a British economic historian known for his work on the impact of the Industrial Revolution on society, he did not coin the term.

Therefore, the correct answer is option 3, Arnold Toynbee.