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The advance of civilization in the past 100 years or so is
definately unprecedented and exponential. As with the markets, exponential advances can't continue
forever. Either it will consolidate or decline. Hopefully, it won't
crash.
Best regards,
Roy mailto:tozar@xxxxxxxxxxxxx
--
Saturday, August 16, 2003, 6:56:55 PM, you wrote:
I> What are our children and grand children in for.
I> YEAR OF 1903:
I> The year is 1903, one hundred years ago--what a difference a century makes.
I> Here are the US statistics for 1903....
I> The average life expectancy in the US was forty-seven (47).
I> Only 14 Percent of the homes in the US had a bathtub.
I> Only 8 percent of the homes had a telephone.
I> A three-minute call from Denver to New York City cost eleven dollars.
I> There were only 8,000 cars in the US and only 144 miles of paved roads.
I> The maximum speed limit in most cities was 10 mph.
I> Alabama, Mississippi, Iowa, and Tennessee were each more heavily populated
I> than California. With a mere 1.4 million residents, California was only the
I> 21st most populous state in the Union.
I> The average US worker made between $200 and $400 per year.
I> A competent accountant could expect to earn $2000 per year, a dentist
I> $2,500 per year, a veterinarian between $1,500 and $4,000.
I> More than 95 percent of all births in the US took place at home.
I> Sugar cost four cents a pound. Eggs were fourteen cents a dozen. Coffee
I> cost fifteen cents a pound.
I> Most women only washed their hair once a month and used borax or egg yolks
I> for shampoo.
I> Canada passed a law prohibiting poor people from entering the country for
I> any reason.
I> The five leading causes of death in the US were:
I> 1. Pneumonia and influenza
I> 2. Tuberculosis
I> 3. Diarrhea
I> 4. Heart disease
I> 5. Stroke
I> The American flag had 45 stars. Arizona, Oklahoma, New Mexico, Hawaii and
I> Alaska hadn't been admitted to the Union yet.
I> The population of Las Vegas, Nevada was 30.
I> Canned beer, and iced tea hadn't been invented.
I> There were no Mother's Day or Father's Day.
I> One in ten US adults couldn't read or write.
I> Only 6 percent of all Americans had graduated from high school.
I> Marijuana, heroin, and morphine were all available over the counter at
I> corner drugstores. According to one pharmacist, "Heroin clears the
I> complexion, gives buoyancy to the mind, regulates the stomach and the
I> bowels, and is, in fact, a perfect guardian of health."
I> Eighteen percent of households in the US had at least one full-time
I> servant or domestic.
I> There were only about 230 reported murders in the entire US.
I> Just think what it will be like in another 100 years from now. It boggles
I> the mind..........
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