Agriculture Wealth Era - 1770

How the Agricultural Revolution Led to an Era of unprecedented Wealth

It’s hard to believe, but it was only about 200 years ago that nearly everyone was involved in agriculture in some way, whether they were farmers, hunters, or gatherers. However, the Agricultural Revolution made it possible for people to specialize in other areas of work, giving rise to an era of unprecedented wealth and abundance. Take a look at this summary of the Agricultural Revolution and how it changed the face of society forever.

Why are farmers prosperous? By farming their own land, farmers can substantially reduce their costs. For example, by farming your own land you don’t have to pay for rent (land is a rental expense). If you’re self-employed, you might also not have as many taxes—or taxes at a reduced rate because business expenses lower taxable income.

Industrial Wealth Era - 1750- 1950

A Tale of Two Eras: Why the Industrial Wealth Era was so Important.

The Industrial Wealth Era was a time of many technological advances, including the growth of steamships and railroads, as well as advances in medical science and engineering. But what made the Industrial Wealth Era so important? And what happened after it ended? Find out by reading this guide to the Industrial Wealth Era, which will tell you all about this particular period in American history and the reasons behind its rise to prominence in the first place.

The Birth of an Era:

In 1750, Britain’s population was about 10 million and concentrated in a small area around London. However, all over Britain, there were rich deposits of coal, iron, and lead ore as well as extensive forests that provided an almost inexhaustible supply of wood for fuel and industry. People began to move from country areas into growing industrial towns like Birmingham.

Progress During This Time:

Life during industrialization changed dramatically. Before long, it was common for people to live in cities and work in factories with assembly lines. In fact, urbanization rates had been increasing since 1800 but began to grow even faster during industrialization. Most jobs were stable and well-paid jobs within factories; however, many people still worked outside of factories as manual laborers or even servants for those who were wealthy enough to afford them.

How the World Changed During this Time:

The industrial wealth era is more commonly referred to as 'the industrial revolution. This era saw a drastic increase in technology and a huge step toward making society become more industrialized. A great example of technology at work during that time was water power, which was now easily converted into mechanical energy. People would build dams to slow down fast-moving water, and then control its flow by way of gates. These gates were tied to pistons that could move back and forth, thereby converting hydraulic energy into mechanical energy.

Distribution Wealth Era - 1950 -1978

The Decade of Distributed Wealth:

The 1950s and 60s were the height of the American middle class. From the time they were kids, average Americans would dream of owning their own home and car, sending their children to college, and having plenty of money left over to take vacations and spoil their grandchildren with gifts. In this decade, things like healthcare and education were considered luxuries that most people could not afford. However, most people felt that if they worked hard enough, these things would be possible for them in the future – or perhaps even within their lifetime. This attitude was reflected in the economy during this time period.

Technology Drives Economic Growth:

Between 1945 and 1970, the global economy was driven by technological advancement. New technology including fertilizers, industrial farming methods, and manufacturing plants led to an unprecedented economic boom. The greatest growth occurred in countries with a developed infrastructure and educated workforce. Rapid industrialization in developing countries such as Japan drove record-breaking economic expansion that continued into the early 1970s.

Technology Leads to an Explosion in Education Choices:

After World War II, advances in technology had a profound impact on education in America. New communication technologies made it possible for more people to be educated at home—or even with computers, which were becoming more and more powerful. In addition, new disruptive technology created new methods for learning, such as televised classes and distance learning. These developments would have huge implications for access to higher education in years to come—and led to new types of institutions that we see today.

Technology Wealth Era -1978 - 1994 - Steve Jobs, Bill Gates - Computers

How Steve Jobs and Bill Gates Defined the Technology Wealth Era.

In the 1970s, the visionaries of Apple and Microsoft were born, and the technological revolution was about to take off. Even though it may seem like technology has taken over our lives more recently, this was in fact the beginning of what we know as technology today—the creation of applications that make our lives easier and more convenient than ever before. It all started with two young men from California who had an idea, but no real idea of the magnitude or influence that this technology would have on society.

The Biggest Influencers in Tech:

Few things shape society like technology, and it’s hard to name a business that has had more of an influence on our world than Apple. In 1984, Apple launched its first Macintosh computer with an ad campaign that exclaimed, This is a day I’ve been looking forward to for two-and-a-half years. In his keynote speech at Macworld in 1998, Steve Jobs declared, that Apple lives at the intersection of technology and liberal arts.

The Internet Becomes Accessible

I know, you’re probably thinking, The Internet was accessible in 1994? Well, yes. It was. The World Wide Web had been around since 1990, but it wasn’t until 1994 that internet access became affordable to most people.

The Start of Digital Marketing:

The digital marketing era began in 1994 with two defining moments, one from Apple and one from Microsoft. Apple's introduction of new software called Netscape Navigator 1.0 enabled Web browsing on desktops. Soon after, Microsoft bundled Internet Explorer with its Windows operating system. There was no Google yet (Google didn't exist until 1998), but these developments were still key for businesses that wanted to expand online and improve their reach on computers.

Information Age Wealth Era - 1994 -2005 - Amazon, Google

Wealth in the Information Age: How Amazon and Google Rose to the Top.

While the Internet has opened up so many ways to generate wealth online, it’s actually the companies that have been around since before the Information Age took off that are generating the most wealth of all. In fact, four of the five wealthiest companies in the world at this time have over 50% of their income coming from non-Internet sources (the fifth company’s online income is estimated to be greater than 50% of its total income). So how did these companies make it big when the Information Age was just getting started? What can we learn from them to build our own fortunes in today’s digital world?

Information Age:

According to John Naisbitt, an American futurist author, between 1986 and 2002 (13 years) a major transformation took place as computers entered our homes via microwaves, cameras, camcorders, cell phones, and portable music players, and more. The worldwide technology that we carry around with us -or plug into- is considered by many economists as the most powerful form of production because it is based on knowledge. The most valuable asset of any nation or organization may now be information.

The rise of Amazon:

The history of a young Jeff Bezos, now 49 years old, is well-known. He started Amazon in 1994 with $1 billion of his own money after reading The Wall Street Journal and finding out that an internet bookstore was going out of business. With this information, he calculated that if he sold books over an internet marketplace, he could make more money than selling them through traditional bookstores.

The rise of Google:

If you’re reading these words, you are likely aware of at least one of Google’s numerous products or services. Since its founding in 1998, it has continued to grow into a major presence online by providing information that helps users navigate their daily lives.

What can we learn from them?

Amazon’s path from $1 billion in annual sales to becoming a global e-commerce giant is an interesting one. The company started out as a bookseller, eventually expanding into everything from video games to music. In 2004, it began offering free shipping for orders over $25. Rather than raise prices, it instead increased its volume of sales per order.

Techno/Systems & Entertainment Era - 2005 - 2010

A Look Back at the Techno/Systems & Entertainment Era of 2005-2010.

The last fifteen years have been filled with dramatic changes to the way we live our lives and interact with each other on a global scale. The years from 2005 to 2010 will forever be known as part of the Techno/Systems & Entertainment Era, or TSE for short, so named due to the simultaneous massive advancements in technology and entertainment during that time period. Due to these advancements, life, as we knew it at the beginning of the 2000s, has changed in many ways.

Music Genres:

Drum and Bass, Hip Hop, House Music, Dubstep, Nu Metal, Heavy Metal (All Genres) with various Influences from Tropical Electronic House music to Pop. The Genre is new and not yet in motion or standardized like other genres have been for many years now. However, if it does succeed, it may just be the best Genre.

Video Games:

For most of us, our early gaming experiences took place on an old Nintendo system or under a blinking arcade cabinet. Gaming technology has come a long way since then. The industry continues to thrive, with new innovations in gaming mechanics and graphics; games also appeal to players’ need for speed and thrills with quicker levels and more challenging problems.

Fashion Trends:

The techno era (2005-2009) was a time of growing pains for fashion. Fashion trends emerged from several sources, including music and technology, fusing together to create a burgeoning sense of style all its own. With large corporations and individual designers emerging as forces in their own right, fashion became less about what was popular with one's peers, and more about looking good for oneself.

Partnership & Collaboration Era / Hub Based Communities - 2010-TODAY

The Partnership & Collaboration Era: How Hub-Based Communities Are Transforming the Way We Work.

The Partnership & Collaboration Era is here, and it’s here to stay. We’re no longer in the Industrial Era or the Information Era, we’re in the Partnership & Collaboration Era; an era where individuals and organizations from all over the world can connect and share resources through online platforms. This new era has resulted in the rise of hub-based communities which are essentially organized around virtual businesses whose sole purpose is to connect businesses and individuals with similar needs, goals, interests, etc., to work together on projects that help them both succeed.

Why we are moving to a partnership era.

Technology has blurred traditional lines between industries, functions, and regions. This connection economy has resulted in major business transformations across all industries. Over two-thirds of executives said their companies are being transformed by a shift from selling goods and services to selling solutions that involve partners, suppliers, and customers working together to create new offerings (KPMG International Limited).

What is a hub-based community?

A hub-based community is a community of individuals and businesses all driven by one main purpose. Typically, that purpose involves making more money. Members of hub-based communities provide their services to each other in order to accomplish that common goal. Examples of hub-based communities include real estate investors buying, rehabbing, and then renting houses together, or home business owners with complementary products sharing client leads in order to help everyone succeed at scale.

Opportunities are available today in this new era.

The Web gives rise to a new culture of partnering and collaboration. As our digital habits have shifted, so too has our professional landscape. More businesses are looking to collaborate with each other in order to achieve common goals and objectives. Rather than compete against each other, entrepreneurs must work together in order to become more powerful entities. But how do you start doing that? Here are some tips for forming successful partnerships with your peers, business partners, and coworkers

Why startups and mid-sized companies should focus on creating communities around their products.

The world of work is shifting at a rapid pace. Global connectivity and on-demand access to information are two things that are making companies more agile, effective, and competitive in today’s marketplace. Entrepreneurs now have immediate access to customers, partners, suppliers, employees, contractors, and investors without needing a central office location or headquarters – something that is unheard of during the Industrial Age.

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