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The modern corporation has grown out of the industrial age
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The modern corporation has grown out of the industrial age. The industrial age began in...

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Ray Anderson: The modern corporation has grown out of the industrial age. The industrial age began in 1712 when an Englishman named Thomas Newcomen invented a steam driven pump to pump water out of the English coal mine, so the English coal miners could get more coal to mine, rather than hauling buckets of water out of the mine. It was all about productivity, more coal per man-hour. That was the dawn of the industrial age. And then it became more steel per man-hour, more textiles per man-hour, more automobiles per man-hour, and today, it's more chips per man-hour, more gizmos per man-hour. The system is basically the same, producing more sophisticated products today.


Transcript

00:00:01.000 --> 00:00:06.055
The modern corporation has grown out of the industrial age
00:00:07.008 --> 00:00:10.044
The industrial age began in 1712
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with an Englishman named Thomas Newcomen
00:00:13.032 --> 00:00:16.048
invented a steam driven pump to pump water
00:00:16.048 --> 00:00:19.024
out of the English coalmine so the English coalminers
00:00:19.036 --> 00:00:21.000
could get more coal to mine
00:00:21.028 --> 00:00:23.096
rather than hauling buckets of water
00:00:24.016 --> 00:00:25.012
out of the mine
00:00:25.012 --> 00:00:29.016
It was all about productivity more coal per man hour
00:00:29.036 --> 00:00:31.001
That was the dawn of the industrial age
00:00:31.016 --> 00:00:33.092
And then it became more steel per man hour
00:00:33.092 --> 00:00:35.047
more textiles per man hour

Clip duration: 36 seconds
Views: 98
Timestamp in movie: 00h 06m 33s
Uploaded: 01 April, 2022
Genres: documentary, history
Summary: Documentary that looks at the concept of the corporation throughout recent history up to its present-day dominance.


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