Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

Archive for the tag “economic growth”

Rapid economic growth of the American colonies before the revolution.

Take a look at how rapidly the colonies developed over the many years in advance of the successful American revolution. Comments are from An Empire of Wealth: The Epic History of American Economic Power by John Steel Gordon.

One part that is astounding to me is certain geographies were very conducive to a certain type of crop. That is why tobacco, or corn, or cotton, or fishing for cod thrived in certain areas.

Consider: export of tobacco from Virginia to England:

  • 1618 – 20,000#
  • 1622 – 60,000#
  • 1627 – 500,000 #
  • 1629 – 1,500,000#
  • 1638 – 3,000,000#

let’s look at the annual increase and compound rate of growth:

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Why has there been such astounding economic success in the United States?

How to illustrate the super-abundance produced in the U.S.? Perhaps this view of a corn field, knowing there are huge fields of corn for a hundred miles in every direction. “An Iowa Summer Carpet” by cwwycoff1 is licensed under CC BY 2.0

Why these is so much economic output in the U.S. is a valuable question because once you can explain why the U.S. has seen such powerful growth for such a long time, there is a possibility, remote though it may be, for others to have the same prosperity.

Each of us has to search for the answer by yourself. I suggest you seriously consider the first chapter of An Empire of Wealth: The Epic History of American Economic Power by John Steel Gordon if you want to get your arms around the answer.

It is not just that the US is a large country that goes from coast to coast.

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