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THE SECOND INDUSTRIAL REVOLUTION - Coggle Diagram
THE SECOND INDUSTRIAL REVOLUTION
Between 1870 and 1914,the second industrial revolution took place, and it was characterized by rapid industrialisation due mainly to the increase in the importance of the financial sector in industry and the rise of finance capitalism
Innovations and changes
During the second phase, new sources of finance, new business structures,technological innovations, new sources of energy and ew industries led to an increase in production
New sources of finance
Banks
Sotck exchanges
Join-stock company
New technological advances
Stainless steel
Artificial fibres
Dynamite
Improvement of the Bessemer converter
Great technological advances
New business structures
Trusts
Holding companies
Cartels
Inventions
In the home
In leisure
In offices
In transport
In medicine