... and outlook. The second industrial revolution was a new thing in human experience and it went on corresponded with the economic, social and political consequences it produced. Economical issues on Productivity and technology The second industrial revolution witnessed the growth in some industries of huge economic of scale and throughput and was a new kind of industrialization, a "revolution" affected in large part by the partnership of science and technology. New material, new sources of power, and the application of scientific knowledge to industry increased rapidly the productivity. For example, steel was almost a semiprecious material with a world production of eighty thousand tons, but by the year 1900 the production had reached 28 million tons.1 Electricity was a major new form of energy that proved to be of great value since it could be easily converted into other forms of energy, such as heat, lights, and motion, and moved relatively ...

See this essay or coursework document in full right now