1870s Quotes
While some multimillionaires started in poverty, most did not. A study of the origins of 303 textile, railroad and steel executives of the 1870s showed that 90 percent came from middle- or upper-class families. The Horatio Alger stories of "rags to riches" were true for a few men, but mostly a myth, and a useful myth for control.
Howard Zinn
The history of the Austrian school remains unfinished, and what happens in the future may influence interpretations of the past as much as what has already occurred. An increasing number of economists, however, believe that a reconceptualization of the role the Austrian school has played in academic economics from the 1870s to the present would be more accurate than the prevailing view.
Alan O. Ebenstein
Most observers in the 1870s would have been far more impressed by its linearity. In material terms, in terms of knowledge and the capacity to transform nature it seemed so patent that change meant advance that history – at all events modern history – seemed to equal progress. Progress was measured by the ever rising curve of whatever could be measured, or what men chose to measure. Continuous improvement, even of those things which clearly still required it, was guaranteed by historical experience. It seemed hardly credible that little more than three centuries ago intelligent Europeans had regarded the agriculture, military techniques and even the medicine of the ancient Romans as the model for their own, that a bare two centuries ago there could be a serious debate about whether the moderns could ever surpass the achievement of the ancients, and that at the end of the eighteenth century experts could have doubted whether the population of Britain was increasing.
Eric Hobsbawm
