Abstract

North America has turned to electricity for every great advance in its economic history. The massive industrialization which commenced 100 years ago was electricity based. Major power projects were the instruments used to shake off the inertia of the Great Depression. The war effort and the boom in the 1950s succeeded on a surge of available electric power. This availability will be ever more important in the next century and if we have the wisdom to learn from history, we will give electricity the confidence and elbow room it needs to give us even greater returns in the future.

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