Tag Archives: America

America Can Win Manufacturing in the 21st Century

It’s become conventional wisdom that the last 30 years have been a hotbed of innovation, but evidence suggests otherwise. As Robert Gordon explains in The Rise and Fall of American Growth, productivity growth peaked between 1920 and 1970 and has declined ever since. Economist Tyler Cowen calls this the Great Stagnation. Part of the reason for the dissonance is that ...

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Can America Win The New Century?

Early 20 Century Women and Automobiles

At the beginning of the twentieth century, the United States was an industrial and technological backwater. Still mostly an agrarian nation, bright young students would often go to Europe to pursue advanced degrees in the sciences, because American universities were considered second rate. By the end of the century though, the United States had become the center of the technological ...

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How America Became Exceptional

In 1929, just before the stock market crash, Louis Bamberger and his sister, Caroline Bamberger Fuld, sold their department store in Newark to R.H. Macy and Company for $25 million ( $343 million in 2015 dollars). Grateful to the people of Newark for their support, they planned to endow a medical college in that city. Yet when they approached Abraham Flexner, the foremost authority ...

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