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The Lever of RichesTechnological Creativity and Economic Progress$
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Joel Mokyr

Print publication date: 1992

Print ISBN-13: 9780195074772

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195074772.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 September 2021

The Later Nineteenth Century: 1830–1914

The Later Nineteenth Century: 1830–1914

(p.113) Chapter Six The Later Nineteenth Century: 1830–1914
The Lever of Riches

Joel Mokyr

Oxford University Press

This chapter discusses technological change and economic growth in the late nineteenth century. It notes that during this period, the complexity of technological systems increased, and examples of networks are found in the railroads; in the electricity, telegraph, telephone, and water-supply systems; and in the need to supply spare parts and information to individuals. Simultaneous with the growing complexity of technical systems after 1850, however, was a rise in the inventors's ability to solve technological problems. The chapter provides a brief and selective survey regarded as a technological avalanche in the steel and chemical industries. By 1914 the Western world had been growing for many decades, and the gap between it and the rest of the world had become huge. The chapter notes that the sources of its economic growth had been the triad of gains from trade, capital accumulation, and technology.

Keywords:   technological systems, steel, chemical, trade, capital accumulation, technology

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