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Rural electrification was pioneered by the man who figured out the winning economic strategy for bringing electricity to everyone. Samual Insull. https://www.
by tomohawk 5y ago
Rural electrification was pioneered by the man who figured out the winning economic strategy for bringing electricity to everyone. Samual Insull.
https://www.masterresource.org/insull-samuel/insull-rural-electrification/ https://www.masterresource.org/insull-samuel/insull-rural-el...
Insull was later demonized by the FDR government and died penniless.
- Kinrany 5y agoTl;dr: the winning strategy was relying on diversity: different groups consume electricity at different times.
- lupire 5y agoThe Great Depression wiped out Insull's wealth. Insull only lived for 5 years after FDR become president. FDR demonized him after that event, that left 600K of Insull's company's shareholders penniless, for his financial misdeeds after he got rich from electrification.