MGMT 1030 Lecture Notes - Lecture 22: Second Industrial Revolution, Market Orientation, Feudalism
9 May 2018
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MGMT 1030
Lecture 22
1) First Industrial Revolution (1760s to 1840s)
➢ Led by Britain, with the United States, France, and Germany following
several decades later
➢ Marked by increases in agricultural productivity, the development of
new transportation methods such as canals, the rise of urban society,
and the growth of the factory system
➢ Typical new products were steam engines and factory-produced
items such as cotton textiles and ironware
2) Second Industrial Revolution (1840s to 1940s)
➢ Led by the United States, Britain, and Germany
➢ Marked by communication and transportation revolutions, the
development of the telegraph, railroads, and the internal combustion
engine, and the development of the modern corporate structure
➢ Typical new products were steel, chemicals, and a wide array of
consumer goods such as automobiles and home appliances
3) Third Industrial Revolution (1950s to present)
➢ Led by the United States and Japan
➢ Marked by the rise of the service economy, international financial and
trade transactions, and the introduction of the computer
➢ Typical new products were consumer electronics and a wide array of
pharmaceuticals
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Document Summary
Lecture 22: first industrial revolution (1760s to 1840s) Led by britain, with the united states, france, and germany following several decades later. Marked by increases in agricultural productivity, the development of new transportation methods such as canals, the rise of urban society, and the growth of the factory system. Typical new products were steam engines and factory-produced items such as cotton textiles and ironware: second industrial revolution (1840s to 1940s) Led by the united states, britain, and germany. Marked by communication and transportation revolutions, the development of the telegraph, railroads, and the internal combustion engine, and the development of the modern corporate structure. Typical new products were steel, chemicals, and a wide array of consumer goods such as automobiles and home appliances: third industrial revolution (1950s to present) Led by the united states and japan. Marked by the rise of the service economy, international financial and trade transactions, and the introduction of the computer.
