--- title: "Meaning & Key Takeaway of: the United States grew in exactly the…" description: "\"“the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new markets and new industri..." image: "https://sms4smile.com/quotes/i/b1d/edward-a-hudson-13409_growth_the-united-states-grew-in-exactly-the-sa_3212029.jpg" --- # the United States grew in exactly the same way as Britain… ![“the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new markets and new industries. As one growth industry matured, essentially as its market became saturated, another growth industry emerged. Simultaneously, increases in…” quote by Edward A. Hudson](https://sms4smile.com/quotes/i/b1d/edward-a-hudson-13409_growth_the-united-states-grew-in-exactly-the-sa_3212029.jpg) [Download](https://sms4smile.com/quotes/i/b1d/edward-a-hudson-13409_growth_the-united-states-grew-in-exactly-the-sa_3212029.jpg) [Open image](https://sms4smile.com/quotes/i/b1d/edward-a-hudson-13409_growth_the-united-states-grew-in-exactly-the-sa_3212029.jpg) > ““the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new markets and new industries. As one growth industry matured, essentially as its market became saturated, another growth industry emerged. Simultaneously, increases in production capability, from investment and from more productive management and processes, sustained the growth in spending and generated rising incomes”” [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth follows a pattern of innovation, market creation, and industry turnover, with productivity gains fueling higher spending and incomes. **In simple terms:** Growth comes from new products and markets, then shifts to the next industry. Key Takeaway Invest in innovation and productivity. Themes innovation industry cycles productivity economic growth Mood optimistic analytical Type economic strategic When to use this quote - business strategy - policy making - entrepreneurship - career planning Key Concepts creative destruction market saturation investment management efficiency Questions to Reflect On - How can economies support workers displaced by industry shifts? - What policies best sustain productivity gains? A Different Perspective Growth can be uneven and may leave some sectors behind. ★ ★ ★ ★ ★ No ratings yet [Growth](https://sms4smile.com/quotes/about/growth/) ## Related quotes > [As the industry has matured, real estate has become a very accepted investment. Institutions have used core investments to get comfortable with real estate…](https://sms4smile.com/quotes/richard-price/as-the-industry-has-matured-real-estate-has-become-a-very-accepted/) [Richard Price](https://sms4smile.com/quotes/author/richard-price/) > [We targeted five industries for growth, industries where we have natural advantages in North Dakota: value-added agriculture, advanced manufacturing, technology-based businesses, energy and tourism.…](https://sms4smile.com/quotes/john-hoeven/we-targeted-five-industries-for-growth-industries-where-we-have/) [John Hoeven](https://sms4smile.com/quotes/author/john-hoeven/) > [“Sustained growth at 2% a year changes lives. An increase at 2% a year for 150 years increases average incomes by a factor of 16.”](https://sms4smile.com/quotes/edward-a-hudson/sustained-growth-at-2-a-year-changes-lives-an-increase-at-2-a-year/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“We start by going back 2,000 years. There were successful civilizations in Rome, China and later in western Europe. These leading countries expanded by…](https://sms4smile.com/quotes/edward-a-hudson/we-start-by-going-back-2-000-years-there-were-successful/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.”](https://sms4smile.com/quotes/edward-a-hudson/growth-processes-operate-at-the-market-level-not-the-economy-wide/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [I mean we will have some of the best and brightest men and women in the country. 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Covey](https://sms4smile.com/quotes/author/stephen-r-covey/) > [Independence has been key to the success and sustained growth of electronic music over the past 25 years.](https://sms4smile.com/quotes/richie-hawtin/independence-has-been-key-to-the-success-and-sustained-growth-of/) [Richie Hawtin](https://sms4smile.com/quotes/author/richie-hawtin/) ## More by Edward A. Hudson > [“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-continued-by-means-of-a-succession-of-new-products/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Sustained growth at 2% a year changes lives. An increase at 2% a year for 150 years increases average incomes by a factor of 16.”](https://sms4smile.com/quotes/edward-a-hudson/sustained-growth-at-2-a-year-changes-lives-an-increase-at-2-a-year/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“England achieved the breakthrough to growth. England’s growth followed from agricultural advances which increased incomes sufficiently that people started to demand more manufactured goods.”](https://sms4smile.com/quotes/edward-a-hudson/england-achieved-the-breakthrough-to-growth-england-s-growth-followed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“There had previously, such as in Rome and the Netherlands, been growth over one or two centuries but this earlier growth was based on…](https://sms4smile.com/quotes/edward-a-hudson/there-had-previously-such-as-in-rome-and-the-netherlands-been-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Economic growth took place at the product and industry level; growth was driven by demand and enabled by supply expansion.”](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-took-place-at-the-product-and-industry-level-growth/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“growth processes operate at the market level, not the economy-wide level. This requires us to look at growth industry by industry.”](https://sms4smile.com/quotes/edward-a-hudson/growth-processes-operate-at-the-market-level-not-the-economy-wide/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The result was introduction and adoption of a sequence of new products. These new products started off small but, tapping the huge potential markets…](https://sms4smile.com/quotes/edward-a-hudson/the-result-was-introduction-and-adoption-of-a-sequence-of-new/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“At the industry level this process went, for example, from cotton, tobacco and wheat through railroads and automobiles, household appliances and electrical goods, to…](https://sms4smile.com/quotes/edward-a-hudson/at-the-industry-level-this-process-went-for-example-from-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“After the 1950s the leading causes of death became heart diseases, cancers and strokes, often known as “lifestyle diseases”. These have proved more difficult…](https://sms4smile.com/quotes/edward-a-hudson/after-the-1950s-the-leading-causes-of-death-became-heart-diseases/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“The development of information technology has taken place through a sequence of innovations, one building on another. Most of these innovations did not occur…](https://sms4smile.com/quotes/edward-a-hudson/the-development-of-information-technology-has-taken-place-through-a/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Woolens were fundamentally different from cottons – advances in cotton processing made cotton goods accessible to everyone, creating a new market whereas advances in…](https://sms4smile.com/quotes/edward-a-hudson/woolens-were-fundamentally-different-from-cottons-advances-in-cotton/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Within this stable and secure environment people had the ability and the incentive to pursue their own economic interests.”](https://sms4smile.com/quotes/edward-a-hudson/within-this-stable-and-secure-environment-people-had-the-ability-and/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“Whereas in other countries expansion stopped when an initial advantage had been fully exploited, England moved through a succession of new products and new…](https://sms4smile.com/quotes/edward-a-hudson/whereas-in-other-countries-expansion-stopped-when-an-initial/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“more and better resources going into agriculture allowed food production to increase over the centuries. GDP increased, although along an irregular path, at an…](https://sms4smile.com/quotes/edward-a-hudson/more-and-better-resources-going-into-agriculture-allowed-food/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“per capita incomes scarcely changed; the new production was absorbed in supporting an increasing population. This was not economic growth. The economy expanded, it…](https://sms4smile.com/quotes/edward-a-hudson/per-capita-incomes-scarcely-changed-the-new-production-was-absorbed/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) [Explore all 50 Edward A. Hudson quotes ](https://sms4smile.com/quotes/author/edward-a-hudson/) ## More Growth quotes > [My coach, Robert Allen, helped me a lot. He had more influence on my growth as a player than anyone else.](https://sms4smile.com/quotes/lamarcus-aldridge/my-coach-robert-allen-helped-me-a-lot-he-had-more-influence-on-my/) [LaMarcus Aldridge](https://sms4smile.com/quotes/author/lamarcus-aldridge/) > [“…progress isn't necessarily about change but about things turning out as we want them to”](https://sms4smile.com/quotes/phil-hogan/progress-isn-t-necessarily-about-change-but-about-things-turning-out/) Phil Hogan > [Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,…](https://sms4smile.com/quotes/christopher-bond/advances-in-technology-will-continue-to-reach-far-into-every-sector/) [Christopher Bond](https://sms4smile.com/quotes/author/christopher-bond/) > [During human progress, every science is evolved out of its corresponding art.](https://sms4smile.com/quotes/herbert-spencer/during-human-progress-every-science-is-evolved-out-of-its/) [Herbert Spencer](https://sms4smile.com/quotes/author/herbert-spencer/) > [“I urge you: don't cut short these thought-trains of yours. Follow them through to their end. Your thoughts and your feelings. Follow them through…](https://sms4smile.com/quotes/j-m-coetzee/i-urge-you-don-t-cut-short-these-thought-trains-of-yours-follow-them/) [J.M. Coetzee](https://sms4smile.com/quotes/author/j-m-coetzee/) > [“Economic growth continued by means of a succession of new products which found growing and ultimately massive demand. Some of the new products were…](https://sms4smile.com/quotes/edward-a-hudson/economic-growth-continued-by-means-of-a-succession-of-new-products/) [Edward A. Hudson](https://sms4smile.com/quotes/author/edward-a-hudson/) > [“To engage in dialogue is to serve others via whatever is real inside you; to engage in debate is to ultimately serve the illusions…](https://sms4smile.com/quotes/oli-anderson/to-engage-in-dialogue-is-to-serve-others-via-whatever-is-real-inside/) [Oli Anderson](https://sms4smile.com/quotes/author/oli-anderson/) > [If you learn something that changes you, you've made progress. If you learn something that changes others, you've helped change the world.](https://sms4smile.com/quotes/lanie-lane/if-you-learn-something-that-changes-you-you-ve-made-progress-if-you/) Lanie Lane > [“SILENT LIKE SLEEP You appear by my side, silent like sleep. Soft hair, a little wild. No fear, gentle like a calm river. I…](https://sms4smile.com/quotes/donna-goddard/silent-like-sleep-you-appear-by-my-side-silent-like-sleep-soft-hair-a/) [Donna Goddard](https://sms4smile.com/quotes/author/donna-goddard/) > [Friendship, "the wine of life," should, like a well-stocked cellar, be continually renewed; and it is consolatory to think, that although we can seldom…](https://sms4smile.com/quotes/james-boswell/friendship-the-wine-of-life-should-like-a-well-stocked-cellar-be/) [James Boswell](https://sms4smile.com/quotes/author/james-boswell/) > [Change is inevitable but personal growth is a choice.](https://sms4smile.com/quotes/bob-proctor/change-is-inevitable-but-personal-growth-is-a-choice/) [Bob Proctor](https://sms4smile.com/quotes/author/bob-proctor/) > [He who is content with what has been done is an obstacle in the path of progress.](https://sms4smile.com/quotes/helen-keller/he-who-is-content-with-what-has-been-done-is-an-obstacle-in-the-path/) [Helen Keller](https://sms4smile.com/quotes/author/helen-keller/) > [“There is no growth without risk. There is always something to be gained from any experience. It is up to us to interpret our…](https://sms4smile.com/quotes/truth-devour/there-is-no-growth-without-risk-there-is-always-something-to-be/) Truth Devour > [Create an environment for people to fail, to learn, and to grow. Their creativity and productivity will increase.](https://sms4smile.com/quotes/anonymous/create-an-environment-for-people-to-fail-to-learn-and-to-grow-their/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [You have to improve; that's how you develop.](https://sms4smile.com/quotes/alexander-gustafsson/you-have-to-improve-that-s-how-you-develop/) [Alexander Gustafsson](https://sms4smile.com/quotes/author/alexander-gustafsson/) [Browse all 9,113 Growth quotes ](https://sms4smile.com/quotes/about/growth/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "“the United States grew in exactly the same way as Britain - by developing a sequence of successful new products, creating new markets and new industries. As one growth industry matured, essentially as its market became saturated, another growth industry emerged. 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