In the 1920s Henry Ford created a utopia in the middle of the Amazon jungle. The plan was to produce enough rubber to feed his auto empire, but the dream soon turned into a nightmare. Disease, riots, mud - and caterpillars - were too much for Ford's millions.
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The Economic Method
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A collection of articles that deal with the methodology of Economics and related disciplines
Curated by
Graham Watson
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A fascinating bit of economic history - this Business Insider clip looks at the history of Fordlandia, a doomed attempt to create a utopian company town in the middle of the Amazon rainforest, in the hope that it could provide his business empire with all the rubber that it required.
It's worth watching - it's utterly compelling, and reflects the economic thinking of the time.