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1904 depiction of an acquisitive and manipulative Standard Oil (founded by John D. Rockefeller) as an all-powerful octopus. Robber baron is a term first applied by 19th century muckrakers and others as social criticism to certain wealthy, powerful, and unethical 19th-century American businessmen.
Even if Belgium is the second industrial country after Britain, the effect of the Industrial Revolution there was very different. In 'Breaking stereotypes', Muriel Neven and Isabelle Devious say: The Industrial Revolution changed a mainly rural society into an urban one, but with a strong contrast between northern and southern Belgium.
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 efficiency movement was a major movement in the United States, Britain and other industrial nations in the early 20th century that sought to identify and eliminate waste in all areas of the economy and society, and to develop and implement best practices. [1] The concept covered mechanical, economic, social, and personal improvement. [2]
Workers writing in the Voice were sharply critical of the character and effects of the Industrial Revolution. Their concerns mirrored those of the broader American labor movement in the 1840s, a period in which worker unrest was directed towards the loss of status and economic independence experienced under the new economic system.
Technological unemployment is the loss of jobs caused by technological change. [1] [2] [3] It is a key type of structural unemployment.Technological change typically includes the introduction of labour-saving "mechanical-muscle" machines or more efficient "mechanical-mind" processes (), and humans' role in these processes are minimized. [4]
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 ...
Jacksonville, the largest city in Florida, would not be as affected by the boom because municipal leaders had decided to work on expanding industry and commerce rather than tourism after World War I. [14] By January 1925, investors were beginning to read negative press about Florida investments.