How Did the Second Industrialization Revolution Differ from Its Predecessor

question 29

Essay

How did the Second Industrialization Revolution differ from its predecessor? How did it impact various aspects of life for Europeans of all classes?

---

Definitions:

Petty Cash Fund

A small amount of cash kept on hand within a business for minor, day-to-day expenses.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

Highly Liquid Investments

Investments that can be quickly converted into cash without a significant loss in value.

Specific Amount

A precise quantity or financial figure identified within a transaction or financial statement, not generalized or estimated.