After the great fall, there would be a wave of rebuilding. The same thing goes to the entrepreneurial spirit after The Great Recession. During The Great Recession, the U.S. economy has eliminated more than 8 million jobs which is the steepest decline since the end of World War II. It has caused many businesses to close for good or file for bankruptcy, on the other hand, the emerging number of unemployment triggered a significant increase in entrepreneurship. The high amount of global unemployment leads more youth to believe that a possible solution to their careers is a startup business. A group of people who are born between the 1980s to the 1990s, which usually labeled as Generation Y or millennials, is suggested as the most entrepreneurial generation compared to the rest. The rough background has made the millennials’ mindset more aware of the global economic risks, therefore, the crisis shock to the workforce fueled a surge in entrepreneurship. As an example, back in 1995 the
As human beings, we always strive for improvement in every life aspect. That is why our prehistoric ancestors created their own stone tools, bow and arrows, and other survival tools. The evolution continued until the existence of modern Homo sapiens, which is the modern human nowadays. Modern humans discovered more complex inventions such as wheels, medicines, propellers; basically our surroundings are the latest development of the earlier technologies. Humans are constantly improving new technologies in order to assist our daily activities, to innovate breakthrough technologies; we will not stop inventing because it is our instinct to make daily things done faster and be easier to do; it is our survival mechanism. However, this whole modernization thing is known to make conflict amongst us. The Industrial Revolution in 18 th to 19 th centuries was a both historical and controversial transition from labour production methods to powered, special-purpose machinery in many industri