An overview of American economy over the last fifty years, showing that from despite setbacks, the country's purchasing power has increased dramatically.
Written in 2002; 2,846 words; 8 sources; MLA; $ 84.95
Paper Summary:
If seen from the standpoint of GDP per capita growth, the United States has done well over the course of the last 50 years. Even in constant dollars, the United States has more than doubled its per capita GDP in this time period. This paper shows that these facts should not be surprising to anyone. Only moderate recessions have hindered growth throughout this period, with the most notable ones being in the early 70's as the Bretton Woods system fell apart, the late 80's following the ?87 crash, and the recent recession that followed the collapse of the dot com industry, the telecommunications industry, and the World Trade Center. The paper shows that despite these setbacks, we have seen an almost exponential rise in the purchasing power of the United States; which has surpassed both the growth rate of the population and the rate of inflation. This paper uses graphs and tables to illustrate major points.
From the Paper:
"When reality set in and these issues started to fall, investors were quick to hunt for opportunities to invest as an alternative to traditional stock evaluations, much like what is happening now. Investment gurus known as "market timers" also developed exotic methodologies by which to invest, entering or leaving the market in response to perceived signals. For instance, a popular investment methodology was to chart when the price of a stock crossed its ninety-day average. An investor would buy at this point, selling again when the stock fell below its thirty-day average. This seemed to be an attractive method of investing when holding a stock long-term was bound to be an unprofitable prospect. Investors that use such methodologies are known as "market technicians" or ?technical analysts,? whereas the majority of investors are known as "fundamental analysts" and appraise the value of a stock based on projected future earnings. Edson Gould, Joe Granville, Bob Pretcher and Don Hahn were market timers who achieved guru status during the 70's because of the luck they achieved at timing markets."
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