merica was middle-class for the very start - the people who came first were hyper-strivers from England. There were no vested interests, no ranks, no classes, it was very lightly populated, there were unlimited natural resources - for free essentially - if you failed, you could always start over.

The drive to scale in almost every endeavor. The British went very large scale in ship building and a few other industries. Their steel plants were bigger and much more advanced than ours after the Civil War, but we had blown past them by the mid-80s.

The kind of precision manufacturing epitomized in the armories, while it was important, was only a small share of the economy until quite late in the century. Large-scale natural resource development and processing was the name of the game.

No specific technology. My guess is that it was the instinct always to go to maximum scale. Great Britain kept much more of a small shop mindset well into the twentieth century, for instance.

Credit is the air that financial markets breathe, and when the air is poisoned, there's no place to hide.

The War of 1812 perhaps the least remembered of American wars because it was fought in such a left-handed slapdash manner on both sides.

I've been in China enough to know that you shouldn't opine on it unless you speak Chinese and have lived there for twenty years. I wasn't pretending to be a China expert in that final chapter. I was just pointing, first to the parallels between Chinese behavior toward us and ours toward GB when we were at the same stage of development, and secondly to how much harder their development path is than ours was.