em ? Puritanism, in its marriage of convenience with industrial capitalism, was the agent which converted men to new valuations of time; which taught children even in their infancy to improve each shining hour; and which saturated men's minds with the equation, time is money.128 O

Based on economic and industrial theory,Peters proposed the following new categories (terminology) for the anal-ysis of distance education:

Theory of Industrialization of Teaching

II. Early Republic Economic Development