Conceptual delimitation" "social work
Classified in Economy
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THE CONSEQUENCES OF THE SECOND INDUSTRIAL REVOLUTION
The rise of finance capitalism affected an organisation of work, the development of consumerism, economic inability and the expansion of international trade.
THE ORGANISATION OF WORK
The assembly line developed: each worker specialised in a task, such as placing a nut. Henry Ford was the first to use the assembly line in his car manufacturing company.
THE BIRTH OF THE CONSUMER SOCIETY
The consumer society led to a new way of thinking; people began to value material wellbeing highly.
*The upper class was the only social group that could afford luxury items.
*The lower class had lower wages and couldn't afford luxury items.
THE EVOLUTION OF THE ECONOMIC CYCLE
1. Economic expansion growth.
2. Crisis: production is higher than demand and salaries are reduced. 3. Recession or depression: investment falls, mass unemployment.
4. Recovery: supply balances with demand and the economy begins to expand.
THE GROWTH OF INTERNATIONAL TRADE
*International trade increased due to the growth in industrial production; and the construction of tunnels and canals (Panama and Suez).