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This facilitated America's westward expansion and economic development by connecting the frontier with the industrial, financial, and political centers of the East. Americans increasingly relied upon technological infrastructures like the railroad, electric, and telecommunications systems for economic and social activities.
The microprocessor led to the microcomputer revolution, with the development of the microcomputer, which would later be called the personal computer (PC). Most early microprocessors, such as the Intel 8008 and Intel 8080, were 8-bit. Texas Instruments released the first fully 16-bit microprocessor, the TMS9900 processor, in June 1976. [71]
A machine (a powered machine to be more precise) is a tool that substitutes part of or all of the element of human physical effort, requiring only the control of its functions. Machines became widespread with the industrial revolution, though windmills, a type of machine, are much older. Examples of this include cars, trains, computers, and ...
The second-generation computer architectures initially varied; they included character-based decimal computers, sign-magnitude decimal computers with a 10-digit word, sign-magnitude binary computers, and ones' complement binary computers, although Philco, RCA, and Honeywell, for example, had some computers that were character-based binary ...
General-purpose technologies (GPTs) are technologies that can affect an entire economy (usually at a national or global level). [1] [2] [3] GPTs have the potential to drastically alter societies through their impact on pre-existing economic and social structures. The archetypal examples of GPTs are the steam engine, electricity, and information ...
Emerging technology Status Potential applications Related articles Active structure: Research, development, commercialization Adaptive structures that respond to different conditions, or supermassive buildings and infrastructure (e.g. space fountains)
An axe made of iron, dating from the Swedish Iron Age, found at Gotland, Sweden: Iron—as a new material—initiated a dramatic revolution in technology, economy, society, warfare and politics. A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time.
Even the shaman's potions and sacred objects can be said to have involved some technology. So, from the very beginnings, technology can be said to have spurred the development of more elaborate economies. Technology is seen as primary source in economic development. [8] Technology advancement and economic growth are related to each other.