Why did the economy change so much around 1870? Around 1870, humanity experienced an unprecedented explosion of material wealth, a shift that was driven largely by a doubling of technological capabilities every generation. This technological advancement allowed for a rapid increase in productivity and enabled humanity to create more wealth than ever before. This development was so profound that it utterly transformed the economy and opened up new possibilities that had been unimaginable before.
Q&A wiþ BradBot—So Far...
Q&A wiþ BradBot—So Far...
Q&A wiþ BradBot—So Far...
Why did the economy change so much around 1870? Around 1870, humanity experienced an unprecedented explosion of material wealth, a shift that was driven largely by a doubling of technological capabilities every generation. This technological advancement allowed for a rapid increase in productivity and enabled humanity to create more wealth than ever before. This development was so profound that it utterly transformed the economy and opened up new possibilities that had been unimaginable before.