Between 1870 and 1920, the US economy was heavily based on industrialization with very high immigration and very high tariffs, achieving an annual growth rate approximately 3x the current US growth rate with a much smaller population and fewer tools.
factualpending
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Mark AndreessenEvidence Quote
“between 1870 and 1920 the US economy was heavily based on industrialization. all the stuff I just talked about. Um, by the way, uh, very high immigration environment at the time, very rapid rate of immigration and then and then actually very high tariffs and and and by the way, an annual growth rate of, you know, something like 3x, you know, the current growth rate”
Created: 8/11/2026, 6:43:04 AM
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