Booms are often characterized by a revolutionary new technology that requires (relatively) little innovation to apply to new reaches of the economy. Eli Whitney’s Cotton Gin is widely credited as a big driver of the industrial revolution and the economic success of early America, even though Whitney himself made little from the invention. Ford’s Model…" target="_blank" style="font-family:sans-serif;text-decoration:none;" >ᔥ via OpenView Blog -
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