What sets of features and technologies describe the various industrial revolutions?
First Industrial Revolution (18th Century)
• Replacement of hand tools by machines in small workshops
• Followed the invention of the steam engine
Second Industrial Revolution (19th Century)
• Development of large scale factory production
• Followed the invention of electricity
Third Industrial Revolution (Informationalism)
• Informationalism: the emergence of a new stage of global capitalism which represents a third industrial revolution, began in the 1970s with telecommunications
o Distinguished from other revolutions by: Role of science and technology for economic growth, Shift from material to information processing, Emergence/ expansion of networked organizations, Rise of socioeconomic globalization
Video Reflection
14 years ago
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