MGMT 1030 Lecture Notes - Electrical Engineering, Henry Beveridge, Turnpike Trusts
Document Summary
The rise of market society in europe and the industrial revolutions in. The three industrial revolutions-general features: first industrial revolution (1760s to 1840s) Led by britain, with the united states, france, and germany following several decades later. Marked by increases in agricultural productivity, the development of new transportation methods such as canals, the rise of urban society, and the growth of the factory system. Typical new products were steam engines and factory-produced items such as cotton textiles and ironware: second industrial revolution (1840s to 1940s) Led by the united states, britain, and germany. Marked by communication and transportation revolutions, the development of the telegraph, railroads, and the internal combustion engine, and the development of the modern corporate structure. Typical new products were steel, chemicals, and a wide array of consumer goods such as automobiles and home appliances: third industrial revolution (1950s to present) Led by the united states and japan.