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When the ‘profit-maximising capitalism’ faced a decline, the industrial engineer Seymour Melman introduced the term ‘Pentagon Capitalism’ to describe the new existing economic situation. It referred to the military control over the natural resources to power rockets,…
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Reading responds
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Download file to see previous pages Pentagon capitalism’s importance is paramount, since no other force other than military helped define and change the course of the technological history. The times in 1890s can be envisaged without the presence of much technological inventions in empires, but the importance of Pentagon capitalism is so much that we can not imagine the era of 1990s without nuclear weapons, other military related technologies used in warfare and also the internet. It was the military who launched the rockets, the satellites which ran the space programs (Misa, pg 190).
Scientific mass-labor refers to the large number of people needed to synthesize and patent new dyes in the German Chemical industry resulting in taking in many scientists in the industry. Scientists went to universities and made discoveries in the laboratories contributing to the rise of Germany during the second Industrial revolution. Examples include Hoffman leaving London for University of Berlin and Caro leaving from Manchester to work with Bunsen in Heidelberg, Adolf Baeyer researching into natural products like indigo in Gewerbe Institute in Berlin, setting up of Hoechst dyeworks, commencement of alizarin factory. German’s were able to dominate and leave behind British people in the race of this second industrial revolution because they had a deeper understanding of the basics of science. Their works, researches and discoveries resulted in improvement of technologies which ultimately led them to rule over the world market. It led to the stabilization of innovation of technology (Science and Systems 2014).
During the Second World War, two atomic bombs were being developed. Uranium- 235 was the most essential raw material for the Manhattan Project. It was utilized as fuel for reactors and its enriched form was used in the atomic bomb. The Gun-type fission atomic ...Download file to see next pagesRead More
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