Chapter 68: Industrialization Spreads East

In the mid-19th Century, two eastern empires were humiliated by industrialized powers. To avoid further humiliation, they both decided to industrialize themselves. In the late 19th Century, Russia and Japan went through rapid modernization. But which of the two succeeded would shock everyone, come 1905.

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Chapter 63: Finance and Turbulence

As industrialization drove economic growth all over the Western World, financial systems had to keep growing in complexity and value. And as they did, they continued to drive industrialization further in turn. And, then as now, they were susceptible to greedy players, bad decisions, and panic.

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Chapter 61: New Energy, New Engine

In the mid-19th Century, two new industrial developments were underway. In the UK and US, new discoveries were made for the refining of crude petroleum into numerous useful oils. Meanwhile, in France and Germany, engineers were starting to produce the first commercially viable internal combustion engines. Together, these two breakthroughs would open up a world of possibilities and, in time, put an end to the Steam Age.

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Chapter 58: A New Commercial Era

More so than in the First Industrial Revolution, the Second Industrial Revolution saw big changes in consumer markets. Thanks to mail-order catalogs, dry goods palaces, and new department stores, consumers had more options than ever before…

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