Thanks for the history lesson, OP. It's good to have a name to add to my mumbled curses while I stumble around those first few mornings after the time change while I am getting ready for work, trying to adjust to getting up an hour earlier again.
I can see where the time change maybe served a purpose back in the day when most nations, even ours, were far more agrarian (with actual family farms, where people had to take advantage of every minute of actual daylight to get things done) and far less technologically advanced than we are today.
Now, however, when even sleepy backwater towns have Walmarts that are open 24 hrs/7 days a week, and all but the most remote locales are hooked up to the power grid, it seems like we can do away with this fiction of "daylight savings."