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Steam Engines and Transport Innovators

Patented: History of Inventions

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The Rise and Fall of Technology

We underestimate the impact of a technology in the long run, but overestimated in the short run. Technology takes off much more slowly than we expect because of that process of needing to make them affordable, reliable and practical. New technology comes along and we're perhaps resistant to it. So we don't imagine what it might be beneficial in the future.

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