How inventions improved the lot of average Americans
The Rise and Fall of American Growth: The US Standard of Living Since the Civil War; By Robert J Gordon
In 1950, one out of every ten American homes owned a television. Five years on, that number had swelled to nearly 65 per cent of households.
Although it might seem hard to believe in the age of the internet, the increase in ownership of the television represents the fastest diffusion of any appliance or device in history – faster than smartphones after 2003 or tablets since 2010.
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