2019년 10월 31일 목요일

Industrial Revolution

The Industrial Revolution marked a period of development in the latter half of the 18th century that transformed largely rural, agrarian societies in Europe and America into industrialized, urban ones. 
Goods that had once been painstakingly crafted by hand started to be produced in mass quantities by machines in factories, thanks to the introduction of new machines and techniques in textiles, iron making and other industries.

Fueled by the game-changing use of steam power, the Industrial Revolution began in Britain and spread to the rest of the world, including the United States, by the 1830s and ‘40s. Modern historians often refer to this period as the First Industrial Revolution, to set it apart from a second period of industrialization that took place from the late 19th to early 20th centuries and saw rapid advances in the steel, electric and automobile industries. 

England: Birthplace of the Industrial Revolution

Thanks in part to its damp climate, ideal for raising sheep, Britain had a long history of producing textiles like wool, linen and cotton. But prior to the Industrial Revolution, the British textile business was a true “cottage industry,” with the work performed in small workshops or even homes by individual spinners, weavers and dyers.
Starting in the mid-18th century, innovations like the flying shuttle, the spinning jenny, the water frame and the power loom made weaving cloth and spinning yarn and thread much easier. Producing cloth became faster and required less time and far less human labor.
More efficient, mechanized production meant Britain’s new textile factories could meet the growing demand for cloth both at home and abroad, where the nation’s many overseas colonies provided a captive market for its goods. In addition to textiles, the British iron industry also adopted new innovations. 
Chief among the new techniques was the smelting of iron ore with coke (a material made by heating coal) instead of the traditional charcoal. This method was both cheaper and produced higher-quality material, enabling Britain’s iron and steel production to expand in response to demand created by the Napoleonic Wars (1803-15) and the later growth of the railroad industry. 

Impact of Steam Power 

An icon of the Industrial Revolution broke onto the scene in the early 1700s, when Thomas Newcomen designed the prototype for the first modern steam engine. Called the “atmospheric steam engine,” Newcomen’s invention was originally applied to power the machines used to pump water out of mine shafts. 
In the 1760s, Scottish engineer James Watt began tinkering with one of Newcomen’s models, adding a separate water condenser that made it far more efficient. Watt later collaborated with Matthew Boulton to invent a steam engine with a rotary motion, a key innovation that would allow steam power to spread across British industries, including flour, paper, and cotton mills, iron works, distilleries, waterworks and canals. 
Just as steam engines needed coal, steam power allowed miners to go deeper and extract more of this relatively cheap energy source. The demand for coal skyrocketed throughout the Industrial Revolution and beyond, as it would be needed to run not only the factories used to produce manufactured goods, but also the railroads and steamships used for transporting them.

Transportation During the Industrial Revolution

Evolution of Railroads
Britain’s road network, which had been relatively primitive prior to industrialization, soon saw substantial improvements, and more than 2,000 miles of canals were in use across Britain by 1815.
In the early 1800s, Richard Trevithick debuted a steam-powered locomotive, and in 1830 similar locomotives started transporting freight (and passengers) between the industrial hubs of Manchester and Liverpool. By that time, steam-powered boats and ships were already in wide use, carrying goods along Britain’s rivers and canals as well as across the Atlantic.

Communication and Banking in the Industrial Revolution

The latter part of the Industrial Revolution also saw key advances in communication methods, as people increasingly saw the need to communicate efficiently over long distances. In 1837, British inventors William Cooke and Charles Wheatstone patented the first commercial telegraphy system, even as Samuel Morse and other inventors worked on their own versions in the United States. Cooke and Wheatstone’s system would be used for railroad signalling, as the speed of the new trains had created a need for more sophisticated means of communication.
Banks and industrial financiers rose to new prominent during the period, as well as a factory system dependent on owners and managers. A stock exchange was established in London in the 1770s; the New York Stock Exchange was founded in the early 1790s. 
In 1776, Scottish social philosopher Adam Smith (1723-1790), who is regarded as the founder of modern economics, published The Wealth of Nations. In it, Smith promoted an economic system based on free enterprise, the private ownership of means of production, and lack of government interference.

Working Conditions

Though many people in Britain had begun moving to the cities from rural areas before the Industrial Revolution, this process accelerated dramatically with industrialization, as the rise of large factories turned smaller towns into major cities over the span of decades. This rapid urbanization brought significant challenges, as overcrowded cities suffered from pollution, inadequate sanitation and a lack of clean drinking water.
Meanwhile, even as industrialization increased economic output overall and improved the standard of living for the middle and upper classes, poor and working class people continued to struggle. The mechanization of labor created by technological innovation had made working in factories increasingly tedious (and sometimes dangerous), and many workers were forced to work long hours for pitifully low wages. Such dramatic changes fueled opposition to industrialization, including the “Luddites,” known for their violent resistance to changes in Britain’s textile industry.
In the decades to come, outrage over substandard working and living conditions would fuel the formation of labor unions, as well as the passage of new child labor laws and public health regulations in both Britain and the United States, all aimed at improving life for working class and poor citizens who had been negatively impacted by industrialization.

The Industrial Revolution in the United States

The beginning of industrialization in the United States is usually pegged to the opening of a textile mill in Pawtucket, Rhode Island, in 1793 by the recent English immigrant Samuel Slater. Slater had worked at one of the mills opened by Richard Arkwright (inventor of the water frame) mills, and despite laws prohibiting the emigration of textile workers, he brought Arkwright’s designs across the Atlantic. He later built several other cotton mills in New England, and became known as the “Father of the American Industrial Revolution.”
The United States followed its own path to industrialization, spurred by innovations “borrowed” from Britain as well as by homegrown inventors like Eli Whitney. Whitney’s 1793 invention of the cotton gin revolutionized the nation’s cotton industry (and strengthened the hold of slavery over the cotton-producing South).
By the end of the 19th century, with the so-called Second Industrial Revolution underway, the United States would also transition from a largely agrarian society to an increasingly urbanized one, with all the attendant problems. By the mid-19th century, industrialization was well-established throughout the western part of Europe and America’s northeastern region. By the early 20th century, the U.S. had become the world’s leading industrial nation.
Historians continue to debate many aspects of industrialization, including its exact timeline, why it began in Britain as opposed to other parts of the world and the idea that it was actually more of a gradual evolution than a revolution. The positives and negatives of the Industrial Revolution are complex. On one hand, unsafe working conditions were rife and pollution from coal and gas are legacies we still struggle with today. On the other, the move to cities and inventions that made clothing, communication and transportation more affordable and accessible to the masses changed the course of world history. Regardless of these questions, the Industrial Revolution had a transformative economic, social and cultural impact, and played an integral role in laying the foundations for modern society. 

Everything you need to know about the Fourth Industrial Revolution

  • The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland.
  • It’s a term used by CEOs, policymakers and industry to describe technologies like artificial intelligence, quantum computing, 3D printing and the internet of things.
  • Some companies and governments are struggling to keep up with the Fourth Industrial Revolution.
VIDEO04:10
What is the Fourth Industrial Revolution?
The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland.
The concept, a theme of Davos this year, refers to how a combination of technologies are changing the way we live, work and interact.
Klaus Schwab, founder and executive chairman of the Geneva-based WEF, published a book in 2016 titled “The Fourth Industrial Revolution” and coined the term at the Davos meeting that year.
Schwab argued a technological revolution is underway “that is blurring the lines between the physical, digital and biological spheres.”
Simply put, the Fourth Industrial Revolution refers to how technologies like artificial intelligence, autonomous vehicles and the internet of things are merging with humans’ physical lives. Think of voice-activated assistants, facial ID recognition or digital health-care sensors.
Schwab argued these technological changes are drastically altering how individuals, companies and governments operate, ultimately leading to a societal transformation similar to previous industrial revolutions.

The first three industrial revolutions

Zvika Krieger, the head of technology policy and partnerships at WEF, told CNBC on Tuesday there is a common theme among each of the industrial revolutions: the invention of a specific technology that changed society fundamentally.
The First Industrial Revolution started in Britain around 1760. It was powered by a major invention: the steam engine. The steam engine enabled new manufacturing processes, leading to the creation of factories.
The Second Industrial Revolution came roughly one century later and was characterized by mass production in new industries like steel, oil and electricity. The light bulb, telephone and internal combustion engine were some of the key inventions of this era.
The inventions of the semiconductor, personal computer and the internet marked the Third Industrial Revolution starting in the 1960s. This is also referred to as the “Digital Revolution.”
Krieger said the Fourth Industrial Revolution is different from the third for two reasons: the gap between the digital, physical and biological worlds is shrinking, and technology is changing faster than ever.

Telephone vs. ‘Pokemon Go’

For evidence of how quickly technological change is spreading, Krieger pointed to the adoption of the telephone. It took 75 years for 100 million people to get access to the telephone; the gaming app “Pokemon Go” hooked that many users in less than one month in 2016.
RT: Pokemon Go on mobile phone iPhone Tokyo 160722
Pokemon Go app on an iPhone, Tokyo, Japan, July 22, 2016.
Toru Hanai | Reuters
Companies in industries from retail to transportation to banking are vying to incorporate new technologies like augmented reality, 3D printing and artificial intelligence into their operations. A 2017 study by the European Patent Office found the number of patents filed related to the Fourth Industrial Revolution increased a growth rate of 54 percent in the past three years.
“Technology, and specifically digital technology, is so intertwined with many businesses, as well as our social and economic lives, that trying to separate ‘tech’ from ‘non-tech’ is becoming increasingly redundant,” said David Stubbs, head of client investment strategy for EMEA at J.P. Morgan Private Bank, in an email to CNBC.

Left behind

Companies, governments and individuals are struggling to keep up with the fast pace of technological change.
Krieger, who served as the U.S. State Department’s first-ever representative to Silicon Valley from 2016 to 2017, said technology is often missing from policymakers’ “toolkits.” As a result, he said, companies are left filling a void trying to understand how to implement — and regulate — advancements like A.I.
“There’s an absolute hunger for concrete things companies can do,” Krieger said.
VIDEO03:10
Will robots take our jobs?
Jordan Morrow is the head of data literacy at analytics firm Qlik. He said individuals and companies lack skills, like interpreting and analyzing data, to successfully compete in the Fourth Industrial Revolution.
“Not everyone needs to be a data scientist but everyone needs to be data literate,” he said in a phone interview with CNBC.
Studies show technologies like artificial intelligence will eliminate some jobs, while creating demand for new jobs and skills. Some experts warn of a “winner-take-all economy,” where high-skilled workers are rewarded with high pay, and the rest of workers are left behind.
A 2018 report by investment firm UBS found billionaires have driven almost 80 percent of the 40 main breakthrough innovations over the past four decades.
In 2016, Schwab predicted inequality would be the greatest societal concern associated with the Fourth Industrial Revolution.
“There has never been a time of greater promise, or one of greater potential peril,” he said.

cnbc

The Fourth Industrial Revolution

The Fourth Industrial Revolution heralds a series of social, political, cultural, and economic upheavals that will unfold over the 21st century. Building on the widespread availability of digital technologies that were the result of the Third Industrial, or Digital, Revolution, the Fourth Industrial Revolution will be driven largely by the convergence of digital, biological, and physical innovations.
Like the First Industrial Revolution’s steam-powered factories, the Second Industrial Revolution’s application of science to mass production and manufacturing, and the Third Industrial Revolution’s start into digitization, the Fourth Industrial Revolution’s technologies, such as artificial intelligence, genome editing, augmented reality, robotics, and 3-D printing, are rapidly changing the way humans create, exchange, and distribute value. As occurred in the previous revolutions, this will profoundly transform institutions, industries, and individuals. More importantly, this revolution will be guided by the choices that people make today: the world in 50 to 100 years from now will owe a lot of its character to how we think about, invest in, and deploy these powerful new technologies.
It’s important to appreciate that the Fourth Industrial Revolution involves a systemic change across many sectors and aspects of human life: the crosscutting impacts of emerging technologies are even more important than the exciting capabilities they represent. Our ability to edit the building blocks of life has recently been massively expanded by low-cost gene sequencing and techniques such as CRISPR; artificial intelligence is augmenting processes and skill in every industry; neurotechnology is making unprecedented strides in how we can use and influence the brain as the last frontier of human biology; automation is disrupting century-old transport and manufacturing paradigms; and technologies such as blockchain and smart materials are redefining and blurring the boundary between the digital and physical worlds.
The result of all this is societal transformation at a global scale. By affecting the incentives, rules, and norms of economic life, it transforms how we communicate, learn, entertain ourselves, and relate to one another and how we understand ourselves as human beings. Furthermore, the sense that new technologies are being developed and implemented at an increasingly rapid pace has an impact on human identities, communities, and political structures. As a result, our responsibilities to one another, our opportunities for self-realization, and our ability to positively impact the world are intricately tied to and shaped by how we engage with the technologies of the Fourth Industrial Revolution. This revolution is not just happening to us—we are not its victims—but rather we have the opportunity and even responsibility to give it structure and purpose.

As economists Erik Brynjolfsson and Andrew McAfee have pointed out, this revolution could yield greater inequality, particularly in its potential to disrupt labor markets. As automation substitutes for labor across the entire economy, the net displacement of workers by machines might exacerbate the gap between returns to capital and returns to labor. On the other hand, it is also possible that the displacement of workers by technology will, in aggregate, result in a net increase in safe and rewarding jobs.
All previous industrial revolutions have had both positive and negative impacts on different stakeholders. Nations have become wealthier, and technologies have helped pull entire societies out of poverty, but the inability to fairly distribute the resulting benefits or anticipate externalities has resulted in global challenges. By recognizing the risks, whether cybersecurity threats, misinformation on a massive scale through digital media, potential unemployment, or increasing social and income inequality, we can take the steps to align common human values with our technological progress and ensure that the Fourth Industrial Revolution benefits human beings first and foremost.
We cannot foresee at this point which scenario is likely to emerge from this new revolution. However, I am convinced of one thing—that in the future, talent, more than capital, will represent the critical factor of production.
With these fundamental transformations underway today, we have the opportunity to proactively shape the Fourth Industrial Revolution to be both inclusive and human-centered. This revolution is about much more than technology—it is an opportunity to unite global communities, to build sustainable economies, to adapt and modernize governance models, to reduce material and social inequalities, and to commit to values-based leadership of emerging technologies.
The Fourth Industrial Revolution is therefore not a prediction of the future but a call to action. It is a vision for developing, diffusing, and governing technologies in ways that foster a more empowering, collaborative, and sustainable foundation for social and economic development, built around shared values of the common good, human dignity, and intergenerational stewardship. Realizing this vision will be the core challenge and great responsibility of the next 50 years.
Klaus Schwab

Britannica