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The Second Industrial Revolution, also known as the Technological Revolution, [1] was a phase of rapid scientific discovery, standardisation, mass production and industrialisation from the late 19th century into the early 20th century.
Lacrimae rerum (Latin: [ˈlakrɪmae̯ ˈreːrũː] [1]) is the Latin phrase for "tears of things." It derives from Book I, line 462 of the Aeneid (c. 29–19 BC), by Roman poet Virgil (Publius Vergilius Maro) (70–19 BC).
One of the real impetuses for the United States entering the Industrial Revolution was the passage of the Embargo Act of 1807, the War of 1812 (1812–15) and the Napoleonic Wars (1803–15) which cut off supplies of new and cheaper Industrial revolution products from Britain. The lack of access to these goods all provided a strong incentive to ...
The Industrial Revolution altered the U.S. economy and set the stage for the United States to dominate technological change and growth in the Second Industrial Revolution and the Gilded Age. [28] The Industrial Revolution also saw a decrease in labor shortages which had characterized the U.S. economy through its early years. [29]
The Great Deflation or the Great Sag refers to the period from 1870 until 1890 in which the world prices of goods, materials and labor decreased, although at a low rate of less than 2% annually. [1] This was one of the few sustained periods of deflationary growth in the history of the United States. [citation needed]
The creation of a dense network in the Lowlands with connections to England would take until the 1870s to complete. [49] A series of amalgamations meant that five main companies operated 98 per cent of the system by the 1860s. The capital invested in Scottish railways was £26.6 million in 1859 and by 1900 it had reached £166.1 million.
Kotliarevsky's Eneida built upon a tradition of parodies of Virgil's Aeneid in European literature. In particular, its main model was the earlier poem Virgilieva Eneida, vyvorochennaya naiznaku (Virgil's Aeneid turned inside out) published in 1791 by the Russian poet Nikolay Osipov (completed by Alexander Kotelnitsky), but Kotliarevsky's work ...
Map of the United States, 1870–80. Orange indicates statehood, light blue territories, and green unorganized territories. Grange poster hailing the yeoman farmer, 1873. A dramatic expansion in farming took place. [18] The number of farms tripled from 2.0 million in 1860 to 6.0 million in 1905.