Five Kondratieff cycles in history

From textile machinery to information technology, the human economy has experienced multiple cycles of prosperity and recession:

1. Textile machinery and the early industrial revolution:

• Prosperity: 1782-1802 (20 years)

• Recession: 1815-1825 (10 years)

2. Steel and railways:

• Prosperity: 1845-1873 (28 years)

• Recession: 1873-1885 (12 years)

3. Electrical and heavy chemical industries:

• Prosperity: 1892-1913 (21 years)

• Recession: 1920-1929 (9 years)

4. Automobiles and electronic computers:

• Prosperity: 1948-1973 (25 years)

• Recession: 1973-1982 (9 years)

5. Information technology:

• Prosperity: 1991-2008 (17 years)

• Recession period: 2008-2020 (12 years)

Current and future:

• At this stage, we may be in the recovery period of information technology. With the emergence of new technologies such as ChatGPT and AGI, a new round of prosperity cycle may begin in the future.

Which stage do you think we are in?#EconomicCycle#TechnologyRevolution#HistoricalTrend#agc #qubic