Word: growth
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Dates: during 1990-1999
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...start with medicine. In 1928 the young Scottish researcher Alexander Fleming sloppily left a lab dish growing bacteria on a bench when he went on vacation. It got contaminated with a Penicillium mold spore, and when he returned, he noticed that the mold seemed to stop the growth of the germs. His serendipitous discovery would eventually save more lives than were lost in all the century's wars combined...
Still, even back then, the social brain, through positive feedback, was maturing. With each advance in subsistence technology, survival grew more secure, hastening population growth; and as population grew, the advances came more quickly. By the Mesolithic Age, around 10,000 B.C., with the neuronal population up to around 4 million, the rate of advance had moved from one major innovation per 20,000 years to a sizzling one per 200--including such gifts to posterity as combs and beer...
...their naysayers. "The NASDAQ represents the vanguard of the American economy," says TIME senior business writer Bernard Baumohl. "Many of the companies represented on the index are going to be the winners in the next ten or twenty years because they're on the cutting edge of innovation and growth in the American economy." And that's going to make NASDAQ the place to be in the unnamable decade we?re about to enter...
...1980s. No one person, of course, can claim credit for this performance, but over the past dozen years, Greenspan's quiet confidence and masterly control of the nation's money supply have done much to convince consumers and Congress that the investment-driven economic growth is real. Although Chairman Greenspan will be 74 when his third term expires next June, the job remains his for the asking. As presidential contender John McCain suggested earlier this month, the one sure way to continue America's economic prosperity is to have Greenspan stay on, whether he is alive or dead...
...know how right Bezos is, but as the driving force behind the striking growth in Internet commerce over the past 12 months, he has helped guarantee that the world of buying and selling will never be the same...