Business: Business, Jan. 5, 1953

AT the turn of the century, shaken by his historian's vision of things to come, Henry Adams forecast a future in which "the new American—the child of incalculable coal power, chemical power, electric power and radiating energy, as well as of new forces yet undetermined—must be a sort of god compared with any former creation of nature." In 1952, no one felt less like a god than the tax-burdened, world-involved American. But in 1952, with only 7% of the world's people, the U.S. produced 52% of the world's mechanical energy, and used it so wisely that it made 65% of the...

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