Throughout history, technology has been a catalyst for change, especially in the business world. Each technological advancement has bring new opportunities and challenges for businesses. Let’s dive deeper into this fascinating journey.
The Industrial Revolution: Machines Take Over
The Industrial Revolution, which begin in the late 18th century, marked a significant shift in production methods. Before this, goods were mostly handcrafted in small workshops. However, inventions like the steam engine transform these processes, leading to the rise of factories. This new machinery allow for mass production, making goods more accessible and affordable.
As factories became dominant, people flocked to cities for work, causing rapid urbanization. This change impact not just the economy but also society. Businesses could now produce and trade on a larger scale, but workers often faced challenging conditions. The era see both the growth of global trade and the beginnings of labor movements, as workers sought better rights.
