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The technological revolution, cheap steel, electricity, chemistry, oil, the internal combustion engine and new forms of organization of work and business (Taylorism and Fordism), were pillars of the Second Industrial Revolution and the birth of the big company. This work analyzes these phenomena, together with an account of the industrialization processes in the European periphery, such as the cases of Italy, Russia and the Scandinavian countries.
Business cycles, the causes of the Great Depression of 1873-1896, the Belle Époque, the gold standard, colonialism, imperialism and the rise of socialism run through these pages.