(Roughly) Daily

Posts Tagged ‘Model T

“Speculative bubbles do not end like a short story, novel, or play… In the real world, we never know when the story is over”*…

Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages is a hugely-influential book by Carlota Perez that suggests a connection between technological development and financial bubbles. which can be seen in the emergence of long term technology trends. She explicates her model by tracking repeated surges of technological development over the past three centuries, from the Industrial Revolution to the Information Age.

Written almost 20 years ago, it contained an implicit projection of where we would be today…

For this first stab at determining just when and where we are, we’re looking at 2002’s Technological Revolutions and Financial Capital, by Carlota Perez. One of the great economists of our time, Perez is a leading thinker on technology and socio-economic development. Her book outlines a four-phased financial cycle depicting the archetypical sequence of capital deployment and market traction for a major technological revolution. In this post, we’ll dig into Perez’s cycle and discuss where we sit today in 2021…

Where Are We? Part 1: Bubbles, Bubbles, Toils, and Troubles“: Annika Lewis (@AnnikaSays) and David Phelps (@divine_economy) apply Perez’s principles in an attempt to figure out where we are and what our future might hold– the first in a series of attempts to break down economic theorists to try to figure out where exactly we are in a cycle.

* Robert Schiller

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As we reset our sextants, we might recall that it was on this date in 1927 that the 15 millionth– and final– Model T rolled off of the Ford assembly line… effectively marking the end of the beginning (the “transition phase”) of the cycle that Perez calls the “age of oil, automobiles, and mass production.”

source

“Life is one big road with lots of signs”*…

 

Hay

 

(R)D has looked before at the remarkable work of the Farm Security Administration, which was launched in the New Deal to help relieve crippling poverty in rural communities.  As small part of that mission, the organization documented life in the the communities in which it worked….

These photos naturally included many road scenes, as the Great Depression had plunged rural America into a great migratory frenzy.

The photographs taken by FSA photographers under the direction of economist Roy Stryker have come to form the basis for the popular image of the Great Depression, among them Dorthea Lange’s Migrant Mother.

But I’m sure you familiar with that photo. What I want to share with you are some of the more striking images of cars and roadside life that also make up part of the collection, which the Library of Congress has digitized and made available on Flickr.

These photos capture a country on the move, attempting to make its way out of the worst financial crisis it had ever seen and into a productive future. This is intentional, of course. The photographs were intended to “introduce America to Americans” and instill pride in the country as it shook itself out of the depression…

Lincoln

More at: These Color Photos From the New Deal Show What Life On The Road Once Was Like.”  Visit the Flickr archive here.

* Bob Marley

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As we motor on, we might recall that it was on this date in 1908, at the at the Ford Piquette Avenue Plant in Detroit, “Model T 001”– the first production Model T– rolled off the line.  (On May 26, 1927, Henry Ford watched the 15 millionth Model T Ford roll off the assembly line at his factory in Highland Park, Michigan.)

220px-1908_Ford_Model_T

1908 Ford Model T ad

 

Written by (Roughly) Daily

September 27, 2019 at 1:01 am

Let’s get small…

Gerd Binnig and Heinrich Rohrer, inventors of the Scanning Tunneling Microscope (source: IBM)

Twenty years ago, technicians at IBM’s Almaden Research Lab pulled a nifty stunt with their scanning tunneling microscope (STM).  IBM scientists had invented the STM nine years earlier in IBM’s Zurich Lab (and received a Nobel prize for it in 1996); while the STM was originally intended simply to create visualizations of things very, very tiny, the folks at Almaden realized that the technique used– it “felt” the atoms in question with similarly-charged particles, then mapped the object– could be reversed:  the STM could change it’s charge, “pin” an atom, and move it…  The first illustration– and, some argue, the first example of “practical” nanotechnology– was this IBM logo, “written” in xenon atoms:

source: IBM

Over the last two decades, the STM has become a critical tool for chip makers, enabling them to perfect  current DRAM and flash memories.  Now, the folks at Almaden, still pushing the limits of their gear, they’ve turned their STMs into slo-mo movie cameras, and captured the atomic process of setting and erasing a bit on a single atom– that’s to say, of the operation of a single-atom DRAM.

Practical applications- atomic memories, better solar cells, and ultimately, atomic scale quantum computers– are, of course, some way off… but Moore’s Law seems safe for awhile.

Read all about it in EE Times.

As we drop the needle on that Steve Martin album, we might recall that it was on this date in 1908 that the Model T went on sale; it cost $825 (roughly equivalent to $20,000) today.  Ford’s advances in the technologies used both in the car and in its manufacture, along with economies of scale,  resulted in  steady price reductions over the next decade: by the 1920s, the price had fallen to $290 (equivalent to roughly $3,250 today).

1908 advertisement

SFW: Can’t you see I’m busy?…

For those readers in search of relief from the inevitabilities of employment, a set of diversions that one can enjoy with no fear of being overseen by an overseer: from cantyouseeimbusy.com, a trio of games that will leave managers and colleagues thinking that one is working harder than ever.  For instance, Leadership

As we navigate between best case and worst, we might recall that it was on this date in 1908 that Henry Ford and his engineers introduced their twentieth attempt (named the “Model T,” the twentieth letter in the alphabet) to the public– four days after the first prototype was completed, and exactly 32 years to the day before America opened its first “superhighway,”  the Pennsylvania Turnpike (1940)…

The twentieth time’s the charm…

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Written by (Roughly) Daily

October 1, 2009 at 12:01 am

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