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New England’s history provides
vivid illustrations of how economic growth occurs. New England
was the first part of the United States to industrialize and over
its history was the site of many important technological advances.
It also experienced repeated economic disruptions in response
to competitive pressures from other parts of the country and the
world. In general, it was able to overcome these challenges by
shifting into other, often higher-productivity, activities. These
“re-inventions” were facilitated by a culture that
valued education and self-reliance and by supportive public and
civic institutions.
Read the Rising Standards Gazette for an overview of
the important advances and challenging setbacks in New England's
economic history.
Much of the intellectual foundation for the Adventure and for
the material in the Rising Standards Gazette comes from
a conference held at the Boston Fed in October 1998. The conference
proceedings were published in the volume, Engines of Enterprise,
edited by Peter Temin.
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