Presented by: Eric J. Presented by: Eric J. Fry Fry Editor of “The Rude Editor of “The Rude Awakening” Awakening” www.the-rude- www.the-rude- awakening.com awakening.com The First Will Be Last… The First Will Be Last… Or at Least a Distant Or at Least a Distant Second Second
30
Embed
Presented by: Eric J. Fry Editor of “The Rude Awakening” the-rude-awakening
The First Will Be Last… Or at Least a Distant Second. Presented by: Eric J. Fry Editor of “The Rude Awakening” www.the-rude-awakening.com. A Pictorial History of American Economic Trends… Our Story Begins in 1959. 1959. 1959 – America is the Economic Envy of the World. - PowerPoint PPT Presentation
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Presented by: Eric J. FryPresented by: Eric J. FryEditor of “The Rude Awakening”Editor of “The Rude Awakening”www.the-rude-awakening.comwww.the-rude-awakening.com
The First Will Be Last…The First Will Be Last…Or at Least a Distant SecondOr at Least a Distant Second
A Pictorial History of American A Pictorial History of American Economic Trends…Economic Trends…
Our Story Begins in 1959Our Story Begins in 1959
19591959
1959 – America is the Economic 1959 – America is the Economic Envy of the WorldEnvy of the World
1965: Manufacturing Shipments as a Percentage of GDP Hits its
Peak
0%10%20%30%40%50%60%70%80%
Dec
-59
Dec
-64
Dec
-69
Dec
-74
Dec
-79
Dec
-84
Dec
-89
Dec
-94
Dec
-99
Dec
-04
1971 1971 – Nixon Close the Gold Window and – Nixon Close the Gold Window and Inflation AcceleratesInflation Accelerates
1986 – Federal Debt Tops $2 1986 – Federal Debt Tops $2 Trillion for the First TimeTrillion for the First Time
1992 – Federal Debt Tops $4 1992 – Federal Debt Tops $4 Trillion for the First TimeTrillion for the First Time
1996 – Federal Debt Tops $5 1996 – Federal Debt Tops $5 Trillion for the First TimeTrillion for the First Time
2009 – Federal Debt Tops $10 2009 – Federal Debt Tops $10 Trillion for the First TimeTrillion for the First Time
““I think we’re closer to the end of I think we’re closer to the end of the [credit crisis] than we are to the [credit crisis] than we are to the beginning,” the beginning,”