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Industrious Revolution
historical period of increased household productivity and consumption without any significant technological change (1600-1800)
Industrial Revolution
historical period of global economic transition towards mass production of manufactured commodities through labor-saving technologies and relationships between capital and labor (1800-1900)
Capital
industrial operations require significant capital financial investment from financial institutions willing to wait long-term for return on investment (owner)
Proletariat
working class of unskilled or semi-skilled wage earners whose only economic value is their labor (Labor)
Fossil Fuel Technologies
Technologies powered by the combustion of large quantities of fossil fuels such as coal, oil, natural gas, in order to perform labor saving work
Transportation
During the Industrial Revolution, new fossil fuel powered transportation technologies emerged that radically transformed the globe
Railroad examples
Ghana & Mauritania
Communication Technology
Technologies that enable the dissemination of information widely
Digital Age
historical period characterized by a rapid shift towards economies centered around information technologies able to collect and consume mass quantities of information in a digitized format.
Global Flatness
How modern technologies make economic and social relationships between people, businesses, and countries less hierarchical and on a more "even" playing field, providing more opportunities for global development and advancement and making borders increasingly porous
Digital Divide
gulf between those who have access to digital technology like computers, smartphones, and the internet, and those who do not
Big Data
Digital Information collected about individuals and organizations on a massive scale, creating models of behaviors for the benefit of those collecting information
Mass Surveillance
accumulation of digital information on an individual's activities, movements, and communications through various surveillance technologies
Social Credit
national credit rating and blacklisting system that evaluates the trustworthiness of business, organizations, and individuals to government institutions and political groups based on their actions, speech, and associations.