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GIT Module 1 Unit 5

The document outlines the four Industrial Revolutions, starting from the First in 1765 focused on textile manufacturing in England, to the Fourth characterized by advancements in IT and productivity. Each revolution introduced significant inventions and innovations, transforming production systems, transportation, and communication. The concept of General Purpose Technology (GPT) is introduced, highlighting the broad impact of technological changes across industries.

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Garyl Ramos
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3 views

GIT Module 1 Unit 5

The document outlines the four Industrial Revolutions, starting from the First in 1765 focused on textile manufacturing in England, to the Fourth characterized by advancements in IT and productivity. Each revolution introduced significant inventions and innovations, transforming production systems, transportation, and communication. The concept of General Purpose Technology (GPT) is introduced, highlighting the broad impact of technological changes across industries.

Uploaded by

Garyl Ramos
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Unit 5

Industrial Revolution
Industrial Revolution

A period of
development in the
latter half of the 18th
century, where there
is change from one
economy to another.
Invention

is the discovery of new products and processes.


Innovation

is the commercialization and improvement of the existing products.


First Industrial Revolution - 1765
Started in England during the late 18th century, concentrated in Britain and initially focused on
textile manufacturing.

● Significant evolutions: Cort’s puddling;

rolling process for making iron, Crompton’s mule

for spinning cotton, Watt steam engine

● Products / Services – Vegetables, Coal, Iron,

Discovery of chemicals

● Transportation – Railroads, Basic farming

● Production System – Manual Labor to mechanical

● Communication - Printed materials


Second Industrial Revolution - 1870

● Significant evolution: Development of electricity, Internal-combustion


engine, Railway,Chemical industry
● Products / Services – electricity,
chemicals, petroleum, steel
● Transportation – automobiles, aircrafts
● Production System – machine-aided equipment
● Communication – telephone, telegraph
Third Industrial Revolution - 1969

● Started with the development of transistors and the rise of electronics


and digital technology.

● Products / Services – Internet, rise of electronics, source of energy:


nuclear power

● Production System - Automation


Fourth Industrial Revolution

IT and PRODUCTIVITY
-Economists interested in the pervasive effects of technological change in different
industrial revolutions have devised the concept of a General Purpose Technology
(GPT). It is a technology of wide application used in various industries and whose
impact is strong on their functioning.

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