HI125 Lecture Notes - Lecture 6: Britain First, Simpletech, Free Trade
Document Summary
Major divide in the history of the world. History of business can be divided into two period pre and post industrial. Affects not only the business but also society"s norms. Impacts on production/productivity, business operations (management structures, labour relations), lifestyles, and economic growth. Us industrialization revolution starts in the mid-1800s. Definition: transformation/process from agriculture-based economy to one based in manufacture of goods and services. Characterized by the use of new types of machinery and sources of power. Several stage: first relatively simple technology and goods (textiles, second increased complexity (more scientifically and technologically complex, third communications (21st century) like internet, Overview of progress of industrialization in the western world. Uneven process (uk starts several decades ahead than other countries) New" does not always or immediately replace the old". Occurs differently in different regions: timing, nature, and extent. Germany and us will surpass britain by the late 1900s. Cotton and textile was the first industry to industrialize in britain.
