Economic Growth: Can We Keep Up the Pace?

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By 1916 Henry Ford's assembly line had lowered the price of the Model T to $360, making it affordable and increasing its production exponentially in two years. In 1972 a group of experts known as the Club of Rome issued a report called "The Limits to Growth," predicting that raw materials could run out and world population growth and pollution could get out of hand. The Internet is a technological innovation that paved the way for other innovations such as smart phones. These stories highlight two important factors for economic growth: capital per worker (a.k.a. productivity) and technological innovation.

Find additional resources, including primary source materials, interactives, and downloadable print materials, at: http://www.learner.org/series/econusa/unit12/

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00:28