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San Francisco's great wealth creation in the 19th and 20th centuries as well as the emergence of dynastic family elites largely developed as a result of exploitation of nearby natural resources. But most great cities have followed a similar path. And today's Silicon Valley fortunes are little different in that respect, but substitute the mining of academic excellence for natural resources.
By Jim Herlihy4.7
2727 ratings
San Francisco's great wealth creation in the 19th and 20th centuries as well as the emergence of dynastic family elites largely developed as a result of exploitation of nearby natural resources. But most great cities have followed a similar path. And today's Silicon Valley fortunes are little different in that respect, but substitute the mining of academic excellence for natural resources.

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