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During Peter Drucker’s lecture regarding the change leader he begins by explaining that the course is new and that it has replaced the course on the innovative organization. He then discusses the change in the labor force from World War I through the current time period and the emergence of executive management in the 1970s. Drucker then talks about the textile industry and the invention of the patterned shirt. He states that the current information revolution is not the biggest in human history, despite common belief, and is in fact smaller than two previous information revolutions that took place during the 19th century. He then discusses important advancements of the 1800s such as the advent of the railroad, telegraph, universal corporations, investment and saving banks, and universal compulsorily education. He then goes on to discuss the modern state and later the welfare state, social security, and national pensions, which where developed by the Germans. Drucker then discusses the invention of intellectual property, beginning with the development of copyright. He goes on to state that the only person who has successfully been able to predict events to come has been the French science fiction writer Jules Verne. Later in the lecture he talks about long range planning.