State of the technology

Description:

Technology plays an very important role in almost everything. It is the enabler of modern lifestyle and indispensable in this world of convenience, comfort and luxury. But not just that, technology plays a more and more important role in almost every aspect (study, entertainment, work, eating, norms, values, culture, et cetera) of human lifes. From a "good to have" it became a "must" for the biggest part of the world.

Inhibitors:

• World War 1 and 2
• Environmentalists
• Governmental regulations & laws

Experts:

• technologists

Timing:

• World War 1: The "First Era of Globalization"
• Late 1920s and early 1930s: the crisis of the gold standars. Countries that engaged in this era of globalization, including the European core, some of the European periphery and various European offshoots in the Americas and Oceania, prospered. Inequality between those states fell, as goods, capital and labour flowed remarkably freely between nations.
• World War II: trade negotiation rounds, originally under the auspices of GATT, which led to a series of agreements to remove restrictions on "free trade".