livingston
20×102mm Vulcan
Why Donald Trump will transform America
Donald Trump understands something that nobody else knows, and is doing something about it. If he accomplishes what he is setting out to do, it will completely change America.
Something unprecedented happened during the eighteenth century, something that is a sharp dividing line between the modern world and what came before. The Industrial Revolution transformed first Britain, then Europe and the United States, and then the world.
It started with cloth making, where initially water power drove a set of rapidly evolving machine types that made cloth literally thousands of times easier to make. Prices plummeted, and consumption rose by a factor of 12 between 1770 and 1800. People's lives began to change, as now underwear was affordable to more than just the wealthy.
Then came steam and iron. James Watt invented the first really successful steam engine, but it was only unleashed when Henry Cort approached him with a "grand secret". Up until then, Iron was frightfully expensive, because manufacturing basically had to heat the molten ore until the slag floated off. Cort had figured out how to use Watt's engines to drive huge hammers to beat the slag out of the metal. He could make fifteen tons of wrought iron in twelve hours. Iron production soared by a factor of 150 between 1740 and 1852. The price of iron plummeted, to the point where it entirely changed architecture.
Something was in the air - creativity had been unleashed, and continued in the nineteenth century, infecting industry after industry: Bessemer and Steel, Tennant and industrial chemicals (chemicals manufactured in ton weights, like chlorine bleach), railroads, electricity, internal combustion, aviation, telegraphy-radio-television-Internet.
What was striking about this was that each industry would exhibit precisely the same growth characteristics. The "S" curve described a slowish initial takeoff, an exponentially rising growth period, and then a slow tailing off. All of these industries followed it in turn: cotton, iron, steel, railroads. What was key to the miracle that occurred between 1720 and 1990 was that as one reached the top of the curve and began to falter, a new industry emerged to drive things forward. Income per capita went from around $450 in what would become the United States (in 1700) to $18,300 in 1989.
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Borepatch: Why Donald Trump will transform America
Donald Trump understands something that nobody else knows, and is doing something about it. If he accomplishes what he is setting out to do, it will completely change America.
Something unprecedented happened during the eighteenth century, something that is a sharp dividing line between the modern world and what came before. The Industrial Revolution transformed first Britain, then Europe and the United States, and then the world.
It started with cloth making, where initially water power drove a set of rapidly evolving machine types that made cloth literally thousands of times easier to make. Prices plummeted, and consumption rose by a factor of 12 between 1770 and 1800. People's lives began to change, as now underwear was affordable to more than just the wealthy.
Then came steam and iron. James Watt invented the first really successful steam engine, but it was only unleashed when Henry Cort approached him with a "grand secret". Up until then, Iron was frightfully expensive, because manufacturing basically had to heat the molten ore until the slag floated off. Cort had figured out how to use Watt's engines to drive huge hammers to beat the slag out of the metal. He could make fifteen tons of wrought iron in twelve hours. Iron production soared by a factor of 150 between 1740 and 1852. The price of iron plummeted, to the point where it entirely changed architecture.
Something was in the air - creativity had been unleashed, and continued in the nineteenth century, infecting industry after industry: Bessemer and Steel, Tennant and industrial chemicals (chemicals manufactured in ton weights, like chlorine bleach), railroads, electricity, internal combustion, aviation, telegraphy-radio-television-Internet.
What was striking about this was that each industry would exhibit precisely the same growth characteristics. The "S" curve described a slowish initial takeoff, an exponentially rising growth period, and then a slow tailing off. All of these industries followed it in turn: cotton, iron, steel, railroads. What was key to the miracle that occurred between 1720 and 1990 was that as one reached the top of the curve and began to falter, a new industry emerged to drive things forward. Income per capita went from around $450 in what would become the United States (in 1700) to $18,300 in 1989.
More at ...
Borepatch: Why Donald Trump will transform America
