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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: Mad2 who wrote (2439)1/9/2000 12:11:00 PM
From: Razorbak  Read Replies (2) of 3543
 
"AOL, RCA, and The Shape of History"

-- By Francois Sicart, ¸ Tocqueville Asset Management L.P., December 1999

tocqueville.com

Mad2:

Here is another interesting article along the same lines as your "Deals of a Century" article.

Following is a short excerpt:

"[It] has helped to create a vast new audience of a magnitude which was never dreamed of... This audience, invisible but attentive, differs not only in size but in kind from any audience the world has ever known. It is in reality a linking-up of millions of homes."

"The miracle of [it]. I cannot tell you how it transformed our lives? Television never had its me-to-you intimacy."

These two quotes are not about the Internet. They are about radio in the 1920s. The first one is excerpted from a 1929 report prepared for RCA by Owen Young, then Chairman of General Electric. The second is from a personal memoir of Alan Jenkins -- The Twenties -- published in 1974 by Peerage Books, London.

Both comments illustrate how radio -- especially when combined with the growth of automobile and air transport -- revolutionized Man's perception of space and time in the 1920s, just as the Internet is doing, again, today...

The article goes on to discuss a number of amazing parallels between AOL in the 1990's and RCA in the 1920's.

Definitely worth a read.

Razor
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