The Decline of World's Fairs: From Global Showcases to Rare Events

TLDR World's fairs, once significant events that showcased cultural diversity and technological advancements, have lost their prominence over time due to factors such as high costs, the availability of information and travel, and a decline in attendance.

Timestamped Summary

00:00 World's fairs were once significant events that showcased advancements in science and technology, but nowadays they have lost their prominence.
01:56 World's Fairs were created to provide a platform for nations to showcase their cultures and advancements in science and technology on a global scale.
03:34 The Great Exhibition of Works of Industry of All Nations, held in Hyde Park in 1851, was a massive success and drew millions of visitors, showcasing cultural diversity and technological advancements of the era.
05:29 The next major event after the Great Exhibition was the Exposition Universal in Paris in 1855, which was smaller in attendance and exhibitors but featured the Palais de l'Industrie, a larger version of the Crystal Palace, and set the stage for future large-scale World's Fairs.
07:11 The 1893 Columbian Exposition in Chicago was the largest World's Fair ever, featuring the world's first ferris wheel and being the first fair to be electrified.
08:51 World fairs declined in number and popularity after World War II, with only a few major fairs, such as Expo 58 in Brussels and Expo 67 in Montreal, attracting large attendance numbers, and the decline continued into the 70s and 80s with only smaller specialized fairs being held.
10:41 World fairs have become less frequent and popular due to the high cost and the availability of information and travel, with only a few scheduled in the near future, such as one in Buenos Aires in 2023 and another in Osaka in 2025.
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