jan 1, 1879 - Henry George publishes Progress and Poverty
Description:
-warned that Americans were too optimistic about the impact of railroads and manufacturing, which they hoped would — after an initial period of turmoil — bring prosperity to all- believed the emerging industrial order brought permanent poverty.
George’s proposed solution, a federal “single tax” on landholdings, did not win widespread support, but his insightful diagnosis of the problem helped encourage radical movements for economic reform.
Added to timeline:
Date:
jan 1, 1879
Now
~ 146 years ago