Go West, young banker! How America's misguided pioneer mindset fueled the fall of Silicon Valley Bank
, not just the insured ones, to stave off a wider banking crisis. They banged on the fortified barricades, begging to be let back in.
Turner's work is controversial today. He thought the European roll across North America was on balance pretty great. He didn't fully acknowledge that what white folks called a frontier was someone else's living room, or that the pioneers had a pretty weak moral case for chewing up the natural world and the.
Or consider the railroads. Built, to be sure, by private concerns, they were still engines of the state. As Wolfgang Schivelbusch says in"The Railway Journey," the main difference between 19th-century railroad expansion in the US versus Europe was that the rail lines in Europe replaced existing transportation corridors — the carriage road, say, between London and Manchester.
, the independent businesses that held together far-flung farmers and long-distance travelers, had government support — and regulatory guidance.have played in the development of Silicon Valley and the digital age. The hand of the feds touched atoms and bits. Cold War defense contracts and national labs developed the West's tech expertise; cheap utilities and well-maintained highways kept the machinery humming.
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