Can An Economy Grow Forever? part 3: Industrial Revolution

The video discusses the three major industrial revolutions and their impacts on society and the economy. The first revolution involved textile mills and steam power, the second brought internal combustion engines and electricity, and the third introduced computers. Each revolution led to significant economic growth but eventually reached a point of diminishing returns. The video highlights how these technological advancements have shaped modern business practices and the economy.

Which country is credited with the beginning of the first industrial revolution?

• France

• Germany

• England

• Italy

What was a major technological advancement during the second industrial revolution?

• Television

• Internal combustion engine

• Steam engines

• Textile mills

How did electricity impact factories during the second industrial revolution?

• It made factories smaller

• It increased pollution

• It allowed for 24-hour operation

• It reduced the need for workers

What was a key feature of the third industrial revolution?

• Outsourcing cognitive tasks to machines

• Invention of the telephone

• Introduction of steam power

• Development of textile mills

By the 1990s, what percentage of utility had computers delivered to businesses?

• 70%

• 50%

• 90%

• 100%