Chris Lowe – Bonner and Partners Inner Circle (United States) –
Before the 19th century, global economic progress was glacial. [See chart below.] The economic freeze meant no one expected their children to live a better life than they did. Conditions remained the same generation after generation. The land was tilled. The bread kneaded. The shoes shod. The clothes darned.
The pace of growth picked up only after 1850. Then it went exponential in the 20th century. The economic transformation over the last 150 years has been truly remarkable.