World | US | China | Japan | Germany | France | UK | Brazil | Russia | Italy | India | Canada | Australia | Spain | Mexico | South Korea | Indonesia | Nigeria | Pakistan | Singapore | South Africa
Aerospace Industry | Agriculture | Automobile Industry | Biotechnology Industry | Chemical Industry | Construction Industry | FMCG Industry | Food Industry | Hospitality Industry | IT Industry | Nanotechnology Industry | Oil & Gas Industry | Pharmaceutical Industry | Renewable Energy Industry | Steel Industry | Tourism Industry
Credit Card Companies | Credit Card Application Guide | Credit Card Comparison | Credit Card Guide | Credit Card Payment Online | Amex Credit Cards | Mastercard Credit Cards | Visa Credit Cards
More Credit Card Tools & Resources
Accident Insurance | Automobile Insurance | Dental Insurance | Fire Insurance | General Insurance | Health Insurance | Home Insurance | Life Insurance | Sports Insurance | Structured Settlements | Travel Insurance | Insurance Companies | Insurance By Country
'Industrial Revolution' generally refers to the first Industrial Revolution which took place in Europe, especially in England, during the late years of 18th century. But, there was a second Industrial Revolution which took place in America and Germany.
Though the Industrial Revolution came to America a bit late, its importance in the economic development of the country is enormous. The Industrial Revolution brought about some spectacular changes. There was transition from hand-made products to machine-made products. Home-based productions were transformed in to Factory Productions. The innovations of the first Industrial Revolution like water-power/steam-power driven spinning machines and weaving machines helped America attain huge industrial growth. But the second Industrial Revolution was the one which brought revolutionary changes in economy of America. It gave birth to a much more urbanized modern American Society.
American Industrial Revolution was mainly carried out by 3 major steps.
The global crisis changed the face of monetary policy. Central banks deployed new tools to counter the effects of the crisis, which have reduced the risk of deflation, stabilised the financial system and calmed financial markets; but potential negative side effects remain. Two weeks ago, the IMF organized a major research conference, in honour of Stanley Fischer, on lessons from the crisis. Here is my take. I shall focus on what I see as the lessons for monetary policy, but before I do this, let me mention two other important conclusions. Read more
Joseph E. Stiglitz,
Stephen S. Roach,
Got something to say about the economy? We want to hear from you. Submit your article contributions and participate in the world's largest independent online economics community today!