After World War Two, 730 delegates from all 44 Allied nations gathered in the U.S. at the Mount Washington Hotel in Bretton Woods, New Hampshire. The Bretton Woods Conference aimed to regulate the international monetary and financial order after the war ended. Held from July 1 to 22, 1944, agreements were signed and ratified by member governments, establishing the institutions that represented a new world order. This led to what was called the Bretton Woods system for international commercial and financial relations.Continue reading
The further Backward you Look, the Further Forward you can See – Winston Churchill
I really like this quote from Winston Churchill. In a previous post on Learning from History, I was trying to say the same thing. One of the key learnings in looking back at our most transformative period (late nineteenth, early twentieth century), was the Convergence that occurred across multiple domains. I had developed a visual to capture a convergence phenomenon that took place over a one hundred year period – some have called this a Special Century. I updated the visual with new content (click the visual to expand). The color scheme shows the convergence that occurred across the business, science, technology, political, societal and economic domains. The red boxes represent the Catalysts that drove this convergence.
When presenting a story of possible futures, I always start with a short journey through the past. The past represents a possible window to the future. Major events throughout history have brought out the best and the worst of humanity. Leaders have emerged in the most difficult of times – and tyrants have as well. A recent book by Alan Greenspan and Adrian Wooldridge explores the history of Capitalism in America. Robert J. Gordon took a similar journey in his highly acclaimed book titled The Rise and Fall of American Growth. Whereas the authors of Capitalism in America explore the full American journey, Mr. Gordon focuses on what he considers a special century: 1870-1970. Both books highlight the astounding innovation that occurred in the late part of the 19th century and the early part of the 20th. These innovations improved our standard of living, while the major societal forces of that era (World War One, The Great Depression, and World War Two) presented many challenges. Continue reading