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The Industrial Age is a period of history that encompasses the changes in economic and social organization that began around 1760 in Great Britain and later in other countries, characterized chiefly by the replacement of hand tools with power-driven machines such as the power loom and the steam engine, and by the concentration of industry in ...
Thick national networks for transportation and communication were created. The corporation became the dominant form of business organization, and a scientific management revolution transformed business operations. [45] [46] By the beginning of the 20th century, gross domestic product and industrial production in the United States led the world.
The Wealth of Nations was the product of seventeen years of notes and earlier studies, as well as an observation of conversation among economists of the time (like Nicholas Magens) concerning economic and societal conditions during the beginning of the Industrial Revolution, and it took Smith some ten years to produce. [7]
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 Age of Revolution is a period from the late-18th to the mid-19th centuries during which a number of significant revolutionary movements occurred in most of Europe and the Americas. [ 2 ] The period is noted for the change from absolutist monarchies to representative governments with a written constitution, and the creation of nation states ...
The Atlantic Revolutions (19 April 1775 – 4 December 1838) were numerous revolutions in the Atlantic World in the late 18th and early 19th century. Following the Age of Enlightenment, ideas critical of absolutist monarchies began to spread. A revolutionary wave soon occurred, with the aim of ending monarchical rule, emphasizing the ideals of ...
The early technological and industrial development in the United States was facilitated by a unique confluence of geographical, social, and economic factors. The relative lack of workers kept U.S. wages generally higher than salaries in Europe and provided an incentive to mechanize some tasks.
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 ...