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The Paradox Of Progress: Creative Destruction

11 minutes 20 seconds

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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?

Still image from: Advanced Placement Human Geography: Making Sense of Planet Earth--Industrialization and Economic Development

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

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.

Black and white photo of a World War 1 battle ship surrounded by crowds of people and soldiers on deck. Caption. The country went to war in 1917, singing.

2 women standing in a kitchen; 1 holds a telephone, the other has a coffee maker. Caption. Each saw the trade as a benefit to themselves.

Closeup of rice blades, some flowering. Caption. Rice is easily the most important crop.