The revolution created both extremes of wealth and poverty in capitalist fashion.

But, there was a second Industrial Revolution which took place in America and Germany. The second Industrial Revolution is usually dated be tween 1870 and 1914, although a number of its char - acteristic events can be dated to the 1850s. The second industrial revolution, however, led to various socioeconomic problems of its own. Some of the Inventions of the Second Industrial Revolution , Also known as technological revolution, were the automobile, airplane, telephone, incandescent light bulb or steam turbine.It was a phase of rapid industrialization in the last third of the nineteenth and early twentieth centuries. The Second Industrial Revolution was a period of rapid industrial development, primarily in the United Kingdom, Germany and the United States, but also in France, the Low Countries, Italy and Japan. It followed on from the First Industrial Revolution that began in Britain in the late 18th century that then spread throughout Western Europe and later North America.
'Industrial Revolution' generally refers to the first Industrial Revolution which took place in Europe, especially in England, during the late years of 18th century. As machines replaced people, unemployment rates rose. Two depressions rocked the world’s economy during the industrial revolution, in 1873 and 1897 which displaced laborers.
The Second Industrial Revolution began in the mid-19th century and continued until World War I in 1917.

The second industrial revolution was said to be between 1870 and 1914, after the civil war.During this time, many advances in technology and factories made it easier and quicker for framers and manufactures to produce more goods and products to be sold. This says While the First Industrial Revolution centered on textile manufacturing and the innovation of the steam engine, the Second Industrial Revolution focused instead on steel production, the automobile and advances in electricity.

It is, however, clear that the rapid rate of pathbreaking inventions (macroinventions) slowed down after 1825, and picked up steam again in the last third of the century.