Abstract
The Industrial Revolution starting from about 1760 and ending at around 1840 has been viewed as the first Industrial Revolution. It features with the replacement of human and animal muscle power with steam and mechanical power. Human income per capita had taken 800 years to double by the early 1800’s. Since 1760, the first Industrial Revolution spent only about 150 years to increase human income per capita by thirteen-fold. While historians are still debating what the second Industrial Revolution is, many believe that it is Internet Revolution. It started in about 60 years ago. It features the applications of computing, communications, and networking and information storage in every aspect of human life. It offers even much faster growth of human income per capita and drastically promoted industrial productivity.
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