The 2nd Industrial Revolution

What was it?

​The Second Industrial Revolution was a time period from 1870 to 1914 during which "unprecedented urbanization and rapid territorial expansion" occurred.

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New inventions

new energy sources

New forms of transportation

electricity and oil

electric railway, metro tram, explosion motor, and the horseless carriage

new forms of communication

telegraphy and telephone

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Economic impact

Greater concentration of wealth in the hands of
industrial.

internationalization of the market

concentration of companies in large cities

the prices of goods fell dramatically.

industrialization of cities

People lost money and the unemployment rate went through the roof.

Social impacts


Decrease in craftsmanship, increase in manufactured production. Creation of companies with salaried workers, use of child labor.

Creation of workers unions to defend
interests of the working class


Migration of people from the countryside to the cities, leading to overcrowding problems in unsanitary conditions.

Urbanization increased rapidly

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