Third Industrial Revolution

The Third Industrial Revolution , also called Informational Revolution , began in the mid-twentieth century, when electronics appeared as a true modernization of the industry.

This took place after the second world war (1939-1945) and covers the period from 1950 to the present.

Abstract

For some scholars, the third Industrial Revolution began in the United States and in some European countries, when science discovered the possibility of using the nuclear energy of the atom.

For others, its beginnings were around 1970, with the discovery of robotics, used in the automobile assembly line. For another group, it started in the 1990s, with the use of the personal computer and the internet.

The Third Industrial Revolution gained prominence from technological and scientific advances in industry, but also encompasses advances in agriculture, livestock, commerce and the provision of services.

In short, all sectors of the economy benefited from the new achievements produced through large investments made in research centers in developed countries.

Globalization was an important factor in helping production and trade relations between different countries in the world. In addition, it provided the massification of products, especially in the area of ​​technology.

Key Features and Consequences

• use of technology and computer system in industrial production;
• development of robotics, genetic engineering and biotechnology;
• Decrease in costs and increase in industrial production;
• acceleration of the capitalist economy and job creation;
• use of various energy sources, including less polluting ones;
• increased environmental awareness;
• consolidation of financial capitalism;
• outsourcing the economy;
• expansion of multinational companies.

Inventions and Discoveries

Many inventions and discoveries in the field of science and technology took place from 1950 to the present day. Among them are:

• new metallic alloys that allowed advances in metallurgy and aircraft construction;
• progress inelectronics , allowing the appearance of computing and automation in the production process;
• use of atomic energy for peaceful purposes , such as the production of electricity (thermal nuclear plants), in medical equipment, among others;
• development of biotechnology and genetic engineering;
• space conquest , with the descent of man on the Moon, rockets, space stations, buses, artificial satellites, probes for the study of planets and satellites.

Learn all about the Industrial Revolution :

• Industrial Revolution
• English Industrial Revolution
• Phases of the Industrial Revolution
• Causes of the Industrial Revolution
• Consequences of the Industrial Revolution
• What is Outsourcing?
• Globalization Issues
• Questions about the Industrial Revolution