The Von Neumann Model is a computer architecture design proposed by mathematician John von Neumann in the 1940s. It describes a system where a single memory space holds both data and instructions, allowing the computer to store and execute programs. This model consists of five main components: the central processing unit (CPU), memory, input devices, output devices, and a system bus for communication. In the Von Neumann Model, the CPU processes instructions sequentially, fetching them from memory, executing them, and then storing the results back in memory. This architecture laid the foundation for most modern computers, influencing how they operate and interact with software and hardware.