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There was a small event that effected mainland Europe more than other places called World War 2. The US welcomed the engineers/scientists/wealthy fleeing the w
by phatfish 3y ago
There was a small event that effected mainland Europe more than other places called World War 2.
The US welcomed the engineers/scientists/wealthy fleeing the war and it continued after 1945. Same with the UK, but to a lesser extent I expect.
Of course the US had people of similar ability, but the migration from European countries to the US (and other places) had the double effect of reducing the talent in one place and adding to it in another.
The foundation of the US tech industry was created in the years after WW2.
- FirmwareBurner 3y ago>The foundation of the US tech industry was created in the years after WW2 So was Germany and Japan. Both of which became much wealthier post-WW2 than before thanks to their booming industries. The difference is the US managed to successfully pivot away from the post-WW2 boom industries into the 21st century growth industry, aka IT or tech, while the other two countries got complacent and stagnant, pigeonholed in the same post-WW2 industries that made them wealthy in the first place but which aren't driving as much growth anymore today.
- vl 3y agoBut also they had their military expenses reduced to almost 0 for decades. It’s easy to compoundly outgrow neighbors if you don’t spend as much.