Industrial Revolution vs Information Revolution Will the Information Revolution pale in comparison to the Industrial Revolution?
Introduction
What is meant for revolution?
It's a change in
- Economy
- Social Aspects
- Politics
- Culture
Main Causes
Industrial Revolution: steam machines
Information Revolution: silicon chips (Jack Kilby & Robert Noyce)
EConomY
Influence of both revolution
The estimated global economy has been constant until the beginning of the Industrial Revolution, when it has risen exponentially
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S&P stock trend (the most important in American Market). It is clear the influence of the New Economy
Waves Theory - Kondratiev
Improvements
- Always more innovations, especially supply chain
- Enlargement of exchange market
Social Aspects
Industrial revolution
- Unemployment ("human misery")
- Increase in productivity
Real wages over seven centuries: craftsmen in London (1264 - 2001)
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Information revolution
- Increase in productivity
- Main impact on knowledge-based activities
- Change the places where people live
Politics
- Liberal policy
- Utopian concept
Culture
- Enlightenment thinkers
- A democratic culture
Wikipedia is the biggest encyclopedia in the world.
Conclusion
- It's impossible to achieve a certain conclusion
- Strong changes that are happening now