Transition from fetal to neonatal circulation
    William Harvey (1653) had determined that the purpose of the heart was to pump
    blood throughout the body -- before the discovery of oxygen, .  He further found
    that if a women died during childbirth, her child was still alive if pulsations of the
    umbilical cord continued.

    Charles White (1773) recognized the radical changes in circulation required for
    transition from fetal to neonatal life, and that fetal shunts in the heart, the
    foramen ovale and ductus arteriosus must fully constrict before blood flow to the
    infant's lungs is sufficient for respiration without further support from the placenta.

Transition from placental to pulmonary respiration
    Erasmus Darwin (1796) pointed out that the placenta is the respiratory organ of
    the fetus, and that oxygen was more frequently needed by the fetus than delivery
    of any other nutrient  --  oxygen is the most urgent ongoing need of all species
    dependent upon aerobic metabolism.

Postnatal transfer of blood from the placenta to the lungs
    Budin (1875) and Schücking (1877) measured the blood left behind in the
    placenta when the cord was ligated before the transition from fetal to neonatal
    circulation had completed -- with cessation of pulsation in the cord.  Schücking
    commented that placental blood was intended to fill the pulmonary vessels.  
    Transition from fetal to neonatal life is not instantaneous, and is not complete
    until all respiratory function has been taken over by the lungs.  (more research
    from the 19th century is available, mostly in French and German).

Why are these historic findings not understood by present-day specialists in
obstetrics and neonatology?  What evidence can they provide that preventing the
transfer of blood from placenta to lungs does no harm?