In the summer of 1919, Lieutenant Colonel Dwight D. Eisenhower led a military convoy from Washington, DC, to San Francisco, taking 56 days to complete the journey on predominantly unpaved roads. This experience influenced Eisenhower’s advocacy for the Interstate Highway System, which, since the Federal-Aid Highway Act of 1956, has generated over $6 in economic activity for every dollar spent on its construction, according to the American Society of Civil Engineers.
The expansion of highways allowed businesses to operate more efficiently and increased interstate commerce, benefiting companies like FedEx and UPS. Eric Fry, an investment expert, draws parallels between past and present infrastructure advancements, particularly in artificial intelligence (AI). He suggests that while major tech firms invest heavily in AI infrastructure, future wealth may accrue to companies that adeptly utilize this technology in innovative ways, potentially leading to significant stock value increases in overlooked industries.
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