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History always repeats itself. In the late-19th century, America’s roaring industrial mills and Germany’s chemistry labs unleashed the 2nd industrial revolution. Cheaper steels and electric machinery, products the British empire once monopolized, now poured back across the ocean at prices London could not match. The “workshop of the world” saw its share of global manufacturing tumble from 1/3 to 1/7 in just 30 years. With productivity eclipsed, the once-mighty pound lost its gravitas, and the sun that never set began to wane. Fast forward to present day, China becomes the new industrial powerhouse, producing more than half of the world's steel, automated gigafactories hum everywhere, and megaports load massive container ships in hours. Guess who is wearing Britain’s hollowed crown now?