Different era of tech. Also included containerization, plastics/disposability...🙂
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Lest you're worried,but don't actually think that caused 2008 😀. It's just
Fascinating to thinknof what 1973-74 will eventually be bookmarked by. And same for 2007-08.
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I think 1974 prime cause was a) competition growing from Germany and Japan b) previous 10 years of industrial automation/minicomputers.
Tech impact time constants have been shortening though.
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That's pretty US specific no? I think of 73/74 (and 07/08) as world mini-epochs. Like 1914 or 1945.
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US = world economically/technologically during that period, so not a bad approximation. That’s what tech leadership means. It’s been unbroken since 1854 or so module brief challenges by Germany and USSR. Even post 70s, Japan etc we’re fast followers not leaders.
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I always date US dominance from 1913/1914. Assembly line + the great war.
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Nope, robber barons! Clear in the statistics as well as qualitative milestones that America had already pulled ahead by 1854 world fair. By 1893 Chicago world fair there was no doubt in anyone’s minds.

