Around the 16th century there was a radical shift in the way humans perceived nature. New thinking in physics, chemistry, biology and mathematics heralded a deeper understanding of the world around us. Between the 17th and 18th century this new thinking had resulted in spate of technological inventions such as the steam engine, railways, electricity and the telephone.–
Humans became masters of the world that surrounded us. Complemented with new institutional and financial innovations such the stock markets, banking and insurance this heralded in an unprecedented period of growth.
These scientific and technological changes were centred in Europe