The correct answer is option 3 - Arnold Toynbee. He used the term Industrial Revolution for the first time in English to describe the changes in British industrial development between 1760 and 1820.

Option 1 - Friedrich Engels: Friedrich Engels was a German philosopher and social scientist who wrote extensively about the social changes caused by industrialization. However, there is no evidence to suggest that he coined the term Industrial Revolution.

Option 2 - Eric Hobsbawm: Eric Hobsbawm was a British historian who wrote extensively about the Industrial Revolution. While he provided significant insights and analysis on the topic, he did not coin the term.

Option 4 - Georges Michelet: There is no prominent figure named Georges Michelet associated with the Industrial Revolution or the term itself.

Therefore, the answer provided, Arnold Toynbee, is correct. It is important to note the contribution of other scholars in understanding and interpreting the Industrial Revolution but Toynbee is attributed with coining the term in English.