Encyclopedia Britannica on mechanical watches
The first watches appeared shortly after 1500, early examples being made by Peter Henlein, a locksmith in Nürnberg, Germany. The escapement used in the early watches was the same as that used in the early clocks, the verge. Early watches were made notably in Germany and at Blois in France, among other countries, and were generally carried in the hand or worn on a chain around the neck. They usually had only one hand for the hours.
The mainspring, the element that drives the watch, consists of a flat spring-steel band stressed in bending or coiling; when the watch, or other spring-driven mechanism, is wound, the curvature of the spring is increased, and energy is thus stored. This energy is transmitted to the oscillating section of the watch (called the balance) by the wheeltrain and escapement, the motion of the balance itself controlling the release of the escapement and consequently the timing of the watch. A friction drive permits the hand to be set.