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Some economists have said the most important effect of the Industrial Revolution was that the standard of living for the general population in the Western world began to increase consistently for the first time in history, although others have said that it did not begin to improve meaningfully until the late 19th and 20th centuries.
In the case of South Korea, the largest of the four Asian tigers, a very fast-paced industrialisation took place as it quickly moved away from the manufacturing of value-added goods in the 1950s and 60s into the more advanced steel, shipbuilding and automotive industry in the 1970s and 80s, focusing on the high-tech and service industry in the ...
Industrialist Samuel Slater, who Andrew Jackson called "the father of the American Industrial Revolution." Bethlehem Steel in Bethlehem, Pennsylvania was one of the world's leading steel manufacturers for most of the 20th century until 1982 when it discontinued most of its operations.
While it is commonly believed that the Industrial Age was supplanted by the Information Age in the late 20th century, [3] a view that has become common since the Revolutions of 1989, much of the Third World economy is still based on manufacturing, although mobile phones are now commonplace even in the poorest of countries, [4] enabling access ...
The effect of industrialisation shown by rising income levels in the 19th century, including gross national product at purchasing power parity per capita between 1750 and 1900 in 1990 U.S. dollars for the First World, including Western Europe, United States, Canada and Japan, and Third World nations of Europe, Southern Asia, Africa, and Latin America [1] The effect of industrialisation is also ...
Fordism is an industrial engineering and manufacturing system that serves as the basis of modern social and labor-economic systems that support industrialized, standardized mass production and mass consumption. The concept is named after Henry Ford.
In 2023, the manufacturing industry in the United States accounted for 10.70% of the total national output, employing 8.41% of the workforce. The total value of manufacturing output reached $2.5 trillion. [66] [67] In 2023, Germany's manufacturing output reached $844.93 billion, marking a 12.25% increase from 2022. The sector employed ...
DuPont begin the manufacture of polyester. 1951: J. Paul Hogan and Robert L. Banks from Phillips polymerized propylene for the first time to produce polypropylene: 1953: Polycarbonate independently developed by Hermann Schnell at Bayer and Daniel Fox at General Electric: 1954: Polypropylene was discovered by Giulio Natta with production ...