Economic Changes in the Second Industrial Revolution

The Second Industrial Revolution was generally defined from 1860 to 1900, during which industrial productivity in Germany and the United States rose in addition to Britain.In this era, technological innovations took place in the fields of chemistry, electricity, oil and steel, as well as structural advances in mass production of consumer goods.These changes also had a significant economic impact.

For example, the development of the Bessemer converter has made it possible to produce steel quickly and at a low price.In addition, with the spread of electricity, Tesla coils, incandescent bulbs, and alternating current electricity were invented.These technological innovations have led to rapid productivity innovations, resulting in economic changes.

Source:
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What is the Industrial Revolution, and the process of each stage of the Industrial Revolution (1st, 2nd, 3rd).https://mbanote2.tistory.com/entry/%EC%82%B0%EC%97%85%ED%98%81%EB%AA%85%EC%9D%B4%EB%9E%80-%EB%AC%B4%EC%97%87%EC%9D%B4%EA%B3%A0-%EC%82%B0%EC%97%85%ED%98%81%EB%AA%85-%EB%8B%A8%EA%B3%84%EB%B3%84-%EA%B3%BC%EC%A0%951%EC%B0%A82%EC%B0%A83%EC%B0%A8.
The Fourth Industrial Revolution can never go beyond the Second Industrial Revolution - Brunch. https://brunch.co.kr/ @delight412/96.
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