The Forgotten Depression's Lessons for an AI Driven Future The violent transition from an agricultural economy to an industrial one in the late 19th century laid the groundwork for the devastating impact of the Great Depression.
Today, we're facing another transition, this time accelerated by artificial intelligence, which threatens to exacerbate existing social and economic inequalities.
In 1893, unemployment soared to 18%, with over a third of New York workers and nearly half of Michigan workers out of work.