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In European history, the commercial revolution saw the development of a European economy – based on trade – which began in the 11th century AD and operated until the advent of the Industrial Revolution in the mid-18th century. Beginning c. 1100 with the Crusades, Europeans rediscovered spices, silks, and other commodities then rare in Europe.
The Industrial Revolution was a period of major economic, social and technological change that transformed the world from an agrarian to an industrial society. Learn about the causes, effects and innovations of this historical phenomenon on Wikipedia, the free encyclopedia.
Market Revolution. The Market Revolution in 19th century United States is a historical model which argues that there was a drastic change of the economy that disoriented and coordinated all aspects of the market economy in line with both nations and the world. Charles Grier Sellers (1927–2021), a leading historian of the Market Revolution ...
The Information Age (also known as the Third Industrial Revolution, Computer Age, Digital Age, Silicon Age, New Media Age, Internet Age, or the Digital Revolution [1]) is a historical period that began in the mid-20th century. It is characterized by a rapid shift from traditional industries, as established during the Industrial Revolution, to ...
The Industrious Revolution was a period in early modern Europe lasting from approximately 1600 to 1800 in which household productivity and consumer demand increased despite the absence of major technological innovations that would mark the later Industrial Revolution. [1] [2] [3] Proponents of the Industrious Revolution theory argue that the ...
Fourth Industrial Revolution", "4IR", or "Industry 4.0" [1] is a buzzword and neologism describing rapid technological advancement in the 21st century. [2]
Industrialisation ( UK) or industrialization ( US) is the period of social and economic change that transforms a human group from an agrarian society into an industrial society. This involves an extensive reorganisation of an economy for the purpose of manufacturing. [3] Industrialisation is associated with increase of polluting industries ...
Interchangeable parts. Ford would often use interchangeable parts between car models to save costs, but slowly decreased after it lost market share to Chevrolet. Interchangeable parts are parts ( components) that are identical for practical purposes. They are made to specifications that ensure that they are so nearly identical that they will ...