MGMT 1030 Lecture 5: 3rd Industrial Revolution Notes

• School: York University
• Department: Management
• Course: MGMT 1030
• Professor: Andrew Thomson

Document Summary

Led by the united states and japan; marked by rise of service economy, international finance, trade transactions, computer introduction: consumer electronics, television, and pharmaceuticals emerge as new products. United states: marked by long period of postwar economic prosperity from 1946 to 1970, real gnp increase ( billion to billion), unemployment remained low (3. 9% to 4. 9%), exports increased (. 8 billion to billion) Highways justified as necessary to interlink defense centers in country; long, flat stretches of highway key to allowing aircrafts to land. U. k. and europe: period of prosperity, especially following depression of wwii; results of marshall plan america rebuilds. Western europe by giving billions to these countries: offered financing because they didn"t want europe to turn to communism, results in introduction of welfare state in most countries and influence of american pop culture. 1854, japanese market forcefully opened by commodore matthew perry; delivers letter from us.