UK Accounting Glossary
The quality or condition of being modern.
Modernity, a topic in the humanities and social sciences, is both a historical period, as well as the ensemble of particular socio-cultural norms, attitudes and practices that arose in the wake of the Renaissance—in the “Age of Reason” of 17th-century thought and the 18th-century “Enlightenment”.
This term also refers to the characteristics of modern (post WW2) societies that have capitalistic economies and democratic political structures and are highly industrialised and divided into social classes based on economic status. These characteristics include a regular pattern of everyday life, urbanisation, an influx of women at all levels of employment and business, secular outlook, sexual freedom, a sharp reduction in birth rate and death rate, centralized bureaucratic government, standardised education system, and pervasive use of technology, especially in communications.
He was impressed by the architecture’s modernity.
The organization survived from ancient times to modernity.
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This glossary post was last updated: 14th January 2020.