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United States of America
Economic Powerhouse
Beginnings
• Alexander Hamilton
• Federalism
• Strong Nation State
• Strong Executive
• Central Bank
• Stock Market
• Manufacturing
• National Debt
• Taxes
• Standing Army
• Thomas Jefferson
• States Rights
• Small National
Government
• Agriculture
• No Taxes
• No Army; just Militias
Ideal of Self Made Man
• Benjamin Franklin
– Autobiography
– Early to Bed, Early to
Rise
– A Penny Saved,
Manifest Destiny
• Natural Resources
• Louisiana Purchase
• Rivers
• Westward Movement
• 1849: Gold!!!
Industrial Revolution
Civil War
• Industrial North
• Agricultural South
• Slavery
Reconstruction
• Railroads
• Telegraph
• Morse Code
Gilded Age
• Standard Oil
• John D. Rockefeller
• JP Morgan
– US Steel
– Con Edison
• Railroad Tycoons
– Leland Stanford
– Huntington
– Jay Gould
– Commodore Vanderbuilt
Teddy Roosevelt
• Monopolies
• Anti Trust Legislation
Great Depression
• October 29, 1929
• Black Monday
• Bank runs
• Unemployment
• Homeless
• FDR
WW II
• Industrial might
• DC3
• Tanks
• Petroleum Fuels
• Liberty Ships
– Henry Kaiser
• Ammunition
• Science
– Vannevar Bush
– Alfred Loomis
• Radar
• Atom Bomb
– Leslie Groves
– Robert Oppenheimer
Alfred Loomis
The Untold Story of the American
Entrepreneur Who Helped Build the Atomic
Bomb and Defeat the Nazis.
Legendary financier, philanthropist, and
society figure Alfred Lee Loomis gathered the
most visionary scientific minds of the
twentieth century -- Albert Einstein, Werner
Heisenberg, Niels Bohr, Enrico Fermi, and
others -- at his state-of-the-art laboratory in
Tuxedo Park, New York, in the late 1930s. He
established a top-secret defense laboratory
at MIT and personally bankrolled pioneering
research into new, high-powered radar
detection systems that helped defeat the
German Air Force and U-boats. With Ernest
Lawrence, the Nobel Prize-winning physicist,
he pushed Franklin Delano Roosevelt to fund
research in nuclear fission, which led to the
development of the atomic bomb.
Science and War
• The Chemists won WW I
• The Physicists won WW II
• The Mathematicians will win WW III
– Cyber war
Post War Boom
• Pent up Demand
• Cars
– Motels/Interstate Hwys
• Homes
– Suburbs/BBQs
• GI Bill
– University Education
• Marshall Plan
– Rebuild Europe
60s
• Social Change
• Counter Culture
• Civil Rights
• Women’s Movement
• Space Race
• Vietnam
– Guns and Butter
Yuppies
• Hippies get acquisitive
and become lawyers
• Women enter the
workforce in big
numbers
Silicon Valley
• HP
• Fairchild
• Intel
• Microsoft
• Apple
WWW
• Internet
• Web
• WiFi
• Cellular Networks
• Smartphones
• How do these tools
effect productivity?
Financial Crisis 2008
• Housing Market
• Securitized mortgages
• Ratings Agencies
• Bad bets on housing
market
• Derivatives
• CDS
• Leverage
Recovery
• Labor sluggish
• Automation
• Robots and AI
• Race Against the
Machines
• Corporate Profits
Recovered
• Wages Stagnant

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United States of America: Economic Powerhouse

  • 1. United States of America Economic Powerhouse
  • 2. Beginnings • Alexander Hamilton • Federalism • Strong Nation State • Strong Executive • Central Bank • Stock Market • Manufacturing • National Debt • Taxes • Standing Army • Thomas Jefferson • States Rights • Small National Government • Agriculture • No Taxes • No Army; just Militias
  • 3. Ideal of Self Made Man • Benjamin Franklin – Autobiography – Early to Bed, Early to Rise – A Penny Saved,
  • 4. Manifest Destiny • Natural Resources • Louisiana Purchase • Rivers • Westward Movement • 1849: Gold!!!
  • 6. Civil War • Industrial North • Agricultural South • Slavery
  • 8. Gilded Age • Standard Oil • John D. Rockefeller • JP Morgan – US Steel – Con Edison • Railroad Tycoons – Leland Stanford – Huntington – Jay Gould – Commodore Vanderbuilt
  • 9. Teddy Roosevelt • Monopolies • Anti Trust Legislation
  • 10. Great Depression • October 29, 1929 • Black Monday • Bank runs • Unemployment • Homeless • FDR
  • 11. WW II • Industrial might • DC3 • Tanks • Petroleum Fuels • Liberty Ships – Henry Kaiser • Ammunition • Science – Vannevar Bush – Alfred Loomis • Radar • Atom Bomb – Leslie Groves – Robert Oppenheimer
  • 12. Alfred Loomis The Untold Story of the American Entrepreneur Who Helped Build the Atomic Bomb and Defeat the Nazis. Legendary financier, philanthropist, and society figure Alfred Lee Loomis gathered the most visionary scientific minds of the twentieth century -- Albert Einstein, Werner Heisenberg, Niels Bohr, Enrico Fermi, and others -- at his state-of-the-art laboratory in Tuxedo Park, New York, in the late 1930s. He established a top-secret defense laboratory at MIT and personally bankrolled pioneering research into new, high-powered radar detection systems that helped defeat the German Air Force and U-boats. With Ernest Lawrence, the Nobel Prize-winning physicist, he pushed Franklin Delano Roosevelt to fund research in nuclear fission, which led to the development of the atomic bomb.
  • 13. Science and War • The Chemists won WW I • The Physicists won WW II • The Mathematicians will win WW III – Cyber war
  • 14. Post War Boom • Pent up Demand • Cars – Motels/Interstate Hwys • Homes – Suburbs/BBQs • GI Bill – University Education • Marshall Plan – Rebuild Europe
  • 15. 60s • Social Change • Counter Culture • Civil Rights • Women’s Movement • Space Race • Vietnam – Guns and Butter
  • 16. Yuppies • Hippies get acquisitive and become lawyers • Women enter the workforce in big numbers
  • 17. Silicon Valley • HP • Fairchild • Intel • Microsoft • Apple
  • 18. WWW • Internet • Web • WiFi • Cellular Networks • Smartphones • How do these tools effect productivity?
  • 19. Financial Crisis 2008 • Housing Market • Securitized mortgages • Ratings Agencies • Bad bets on housing market • Derivatives • CDS • Leverage
  • 20. Recovery • Labor sluggish • Automation • Robots and AI • Race Against the Machines • Corporate Profits Recovered • Wages Stagnant