Posts Tagged ‘safety brake’

  • The History of the Elevator is About Innovation and Economic Growth

    Elevator Economics

    Dec 6, 12 • 354 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Developing Economies, Economic History, Innovation, International Trade and Finance, Labor, Macroeconomic Measurement, Regulation, UncategorizedNo Comments

    Where would we be without the elevator? To deliver a bed, sometimes you need an elevator. It is easy now…but not during the mid-19th century. When a bed company mechanic, Elisha Graves Otis, was asked to create a freight elevator, he knew he had to