Sunday, December 18, 2016

More than trivia.

History of the Chemical Industry (click here)

1760 the population of the USA was 1,593,625

1880 the population of the USA was 50,189,209

The industrial revolution served the purpose of expansion as well. The population of the USA was growing. The movement westward would bring about places for Americans to settle. The Industrial Revolution brought about opportunity not realized before in Western society. It was a new freedom. It was a freedom won by wars within the boundaries of the USA.

The Industrial Revolution provided mechanization that allowed faster growth of a new country. This part of American history provides vast expanse of land for new settlers. The mechanization was welcome. It did not compete with American jobs. Before the industrial revolution, there was no such thing as a train engineer.

Svante Arrhenius (1859-1927) (click here) was a Swedish scientist that was the first to claim in 1896 that fossil fuel combustion may eventually result in enhanced global warming. He proposed a relation between atmospheric carbon dioxide concentrations and temperature. He found that the average surface temperature of the earth is about 15oC because of the infrared absorption capacity of water vapor and carbon dioxide. This is called the natural greenhouse effect. Arrhenius suggested a doubling of the CO2 concentration would lead to a 5oC temperature rise. He and Thomas Chamberlin calculated that human activities could warm the earth by adding carbon dioxide to the atmosphere. This research was a by-product of research of whether carbon dioxide would explain the causes of the great Ice Ages. This was not actually verified until 1987....

Wall Street was there from the beginning. So, the stage was set between wealth and a healthy planet. It is amazing to realize the USA is still in opposition to established science and the future of Earth as a benevolent common home.

The history of the New York Stock Exchange (click here) begins with the signing of the Buttonwood Agreement by twenty-four New York City stockbrokers and merchants on May 17, 1792, outside at 68 Wall Street under a Buttonwood tree. In the beginning there were five securities traded in New York City with the first listed company on the NYSE being the Bank of New York....