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The Paradox Of Progress: Creative Destruction

11 minutes, 20 seconds

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Videos are generally available for preview to non-members as short clips. Limited full-length titles are also available. Log In to view the full length title.

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The automobile killed the horse and buggy. The airplane signaled the demise of passenger railroads. The invention of the typewriter created millions of jobs, but when the personal computer came along, those jobs were gone. Progress and innovation can lead the process of "Creative Destruction" as demonstrated through the story of the revolutionary system of package delivery pioneered by FedEx.

Media Details

Runtime: 11 minutes, 20 seconds

Topic: Business
Subtopic: Economics, Industry
Grade/Interest Level: 7 - 12
Standards:

Release Year: 2012
Producer/Distributor: izzit.org
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Black and white portrait of Thomas Jefferson. Caption. Among these are Life, Liberty and the pursuit of Happiness.

Woman and man, seated and smiling in front of a white columned monument. Caption. Cows. Sheep?

The rooftops of different buildings. Behind all the buildings is a large river with boats and ships in it. Text reads, “Industrialization and Economic Development.”

Stacked shipping containers, 1 colorfully painted with scenes in foreground. Caption. Chile is a stunning example of what can happen.

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Man seated on a stool in a classroom motions across his chest with pointed left index finger while children watch. Sound of bell ringing.

2 teenage boys wearing denim jeans and t-shirts frown and look at money in their hands. Caption. If you exchange to U, S dollars.