HIST261 Lecture Notes - Vertical Integration, Indian Railways, Horizontal Integration
25 Feb 2014
School
Department
Course
Professor
Document Summary
Canada inc. : the rise of the modern corporation and the second industrial revolution. Cnd lives were drastically changed by the acceleration the second indur5tial revolution in cnd. The second industrial revolution (hereafter 2nd ir) was based on the new technologies such as: the internal combustion engine, the development of resources, electrical power and new chemical processes. This started the continuous move away from primary industries to secondary industries and increased growth in the tertiary sector (service industries) Technological innovations increased product output without expanding the labour force. Electricity also had a large factor in this and will be further discussed in a later class. A new emphasis was placed on consumer-durable" goods, and there was a construction boom, as well as the rise of suburban growth. Expanded credit, banking and insurance opportunities allows allowed companies to grow. Secondary industries also boom car appliances, furniture, radios, retail stores all of which contributed to the rise of a consumer society.
