Third Industrial Revolution based on Offshoring and Education It’s no doubt that our economy is changing and so is the world we live in. The major changes in our society stared off with the First Industrial Revolution. Many jobs changed from farm to factory beginning in the late 18th century. This was the largest revolution because it shaped the way we live today. The second revolution was the shift from manufacturing jobs toward service jobs. It’s believed that we are still in this shift. Now
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Consequences of Industrial America During the 1800’s Industrial America was born and was expected to be the next big step in American advances because of the abundance of natural resources. These big industries that would later on be labeled as monopolies dominated the economy‚ thriving from the profits of their industries. The workers were paid low wages and were replaceable ranging from young boys to full grown men. The conditions of the workplaces were in terrible condition‚ and the owners
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After the Civil War‚ during the late 1800s‚ the rise of the Industrial Revolution and the Gilded Age provided the means and demands for more work and more workers. Due to government actions‚ immigrations‚ labor unions and technological changes‚ the industry expanded in growth. The abundance of natural resources‚ an increase in labor supply and the role of government led to the high demands for more work and workers. However‚ as immigration helped by having a cheap‚ abundant labor source for businesses
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After Reconstruction‚ the makeup of American life changed dramatically with the Second Industrial Revolution. The Second Industrial Revolution was driven by rise of the patented inventions and the formation of corporations. Many of these corporations were bought out by a few wealthy men to form trusts. These trusts such as the Carnegie Steel Company and Standard Oil Company were essentially monopolies that controlled the economy and politics. This rise of big business from 1870 to 1900 was achieved
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The Prison Industrial Complex in America The main goal of private prisons is to make profit disregarding the necessities of the inmates. Privatization provides bad health services to the inmates‚ lack of opportunities to get an education‚ undertrained staff‚ insecurity‚ and a high recidivism rate. The United States has the largest incarceration rate in the entire world‚ and this is due to the prison-industrial complex (PIC). The more defendants are sent to private prison‚ the more profit they and
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REFLECTION ON INDUSTRIAL ATTACHMENT Introduction Industrial Attachment is part of the four (4) year graphic design program which one cannot do without. I was fortunate to have a place of attachment to learn and improve in designing as a graphic designer and to be ready for the real world of work. CafnPrint‚ a café and an advertising company was established in August 2010 by Mr. Stanley Antwi. It is situated in Tema‚ community 8 near the Light House Corner Stone Chapel on the MTN block. The company
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ACTUARIAL SCIENCE NAMES: FRANCISCO MUKHULA MULONGO INDUSTRIAL ATTACHMENT ORGANISATION: NHIF INTENT Attachment report submitted in partial fulfillment of the requirements of the degree of Bachelor of Science in Actuarial Science DURATION: 12 WEEKS COMMENCING DATE: 21/01/2013 ENDING DATE: 12/04/2013 ABSTRACT This report is a summary of activities covered during my industrial attachment period at NHIF-Bungoma satellite office. It is
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As an accounting major‚ Industrial and Organizational psychology is particularly interesting and necessary to me. Accounting majors same as all the other majors in the business field are required to take plenty of management classes. They uncovered many interesting approaches and theories of I/O psychology which will help you to better understand the organization you are working in and people that you would have to deal with. As I have already taken most of my management classes required‚ I am already
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How did the raw materials assist in causing the Industrial Revolution? Coal was one of man’s earliest sources of heat and light. The Chinese were known to have used it more than 3‚000 years ago. It was discovered in Britain. The United Kingdom had a large amount of coal‚ especially in the North West‚ North East‚ Southern Scotland and Wales. Coal also helped improve the ability to manufacture iron‚ a metal needed to make machines and build factories. England traded and sold coal‚ oil‚ wood‚ steel
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Industrial Electronics‚ 23-2 Industrial Electronics‚ Inc. is an electronic equipment company that has annual sales exceeding $ 8 Billion. The company is set up by product line and operates as 16 divisions‚ reporting to four business managers. Unfortunately‚ due to the recession and the competiveness of the emerging and developing industry‚ the bonus pool for the employees has decreased causing issues with employee morale‚ and can overall affect the profitability of the organization if the company
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