THE AGE OF “HEADS”
The machines we built in the Industrial Revolution superseded our own dexterity. One industrial sewing machine could outperform one hundred fine tailors, one tractor could outperform one hundred diligent farmers, one engine could outperform one hundred strong men working a pulley.
What happened, as a result, was a huge displacement of workers. Unemployment went through the roof as technology removed the need for thousands of well-trained hands.
Then came the thinking men. Carnegie, with his ingenious Bessemer Steel Process; Rockefeller with his standardized distribution model for oil; JP Morgan with his financial weapons of mass acquisition; Onassis with his new type of oil tankers.
Suddenly, the most powerful men on earth ...
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