Madrid, Spain

The Electric Power Industry

Master's
Language: EnglishStudies in English
Subject area: engineering and engineering trades
Language: English
University website: www.upcomillas.es
Industry
Industry is the production of goods or related services within an economy. The major source of revenue of a group or company is the indicator of its relevant industry. When a large group has multiple sources of revenue generation, it is considered to be working in different industries. Manufacturing industry became a key sector of production and labour in European and North American countries during the Industrial Revolution, upsetting previous mercantile and feudal economies. This came through many successive rapid advances in technology, such as the production of steel and coal.
Power
Power typically refers to:
Industry
The great Inventor is one who has walked forth upon the industrial world, not from universities, but from hovels; not as clad in silks and decked with honors, but as clad in fustian and grimed with soot and oil.
Isaac Taylor, Ultimate Civilization. (1859).
Industry
In the 1950s, industrial workers had become the largest single group in every developed country, and unionized industrial workers in mass-production industry (which was then dominant everywhere) had attained upper-middle-class income levels. They had extensive job security, pensions, long paid vacations, and comprehensive unemployment insurance or "lifetime employment." Above all, they had achieved political power... Thirty-five years later, in 1990, industrial workers and their unions were in retreat. They had become marginal in numbers. Whereas industrial workers who make or move things had accounted for two fifths of the American work force in the 1950s, they accounted for less than one fifth in the early 1990s--that is, for no more than they had accounted for in 1900, when their meteoric rise began... By the year 2000 or 2010, in every developed free-market country, industrial workers will account for no more than an eighth of the work force. Union power has been declining just as fast.
Peter Drucker, "The Age of Social Transformation." The Atlantic Monthly; Nov. 1994; Vol. 274, No. 5. p. 53-80.
Industry
Modern industry is stated by some writers to have begun in 1738 when John Wyatt brought out a spinning machine. Others place the period as between 1750 and 1800, when the power loom and steam engine came into being. It was marked by the development of labor-saving machinery. It was brought about by the change from handicraft to manufacture.
ASME Sub-Committee on Administration , "The Present State of the Art of Industrial Management : Majority Report of Sub-Committee on Administration," ASME Transactions 34 (1912): p. 1132
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