In the 50 years after the introduction of the steam ship, sailing ships made more improvements than they had in the previous 300 years.

The term "Sailing Ship Effect" applies to situations in which an old technology is revitalized, experiencing a "last gasp" when faced with the risk of being replaced by a newer technology. – W.H. Ward

The best sailing ships were produced after the steam ship was introduced.

It's not just sailing ships.

A vacuum tube ad from Popular Electronics

When you expand to software, there's countless more examples. The most important lesson here is that despite the rapid increase in innovation, the Sailing Ship Effect didn't save the sailing industry.