According to Schumpeterian theory, there have been at least five cycles. all the waves of the evolutionary business cycle. 1] First Cycle: The first cycle occurred from 1?E to 133D was fueled by the invention of the steam engine 2} Second Cycle: The second cycle lasted from 133!) to 13313 was triggered by the genesis of the steel industry 3] Third Cycle: The third cycle lasted from \"IBED to 1931:}. rise of electrical power, and was also the time period during which innovations in the chemical industry allowed for the mass production of commodities. 4] Fourth Cycle: The fourth cycle occurred from 1933 to 19K) fueled by the growth of the petrochemical industry. 5] Fifth Cycle: The fifth cycle started in the 19Ts it was triggered by the advent of computerbased information technology. [-5-] Sixth Cycle ['3]: Many economists believe that we are in a sixth wave that started around 2005. They primarily believe that this cycle will be fueled by advances in healthcare. please explain each cycle. 1I.|"|.|'hen you answer me, please don't copy the source on the internet. write in your word will focus on the relationship between the evolution of the business cycle and 'creative destIuction