The result was an economic boom. Growth averaged 7 percent per year, unemployment fell to less than 2 percent, and revenue to the government increased, generating a budget surplus every year, enough to reduce the national debt by a third. Wages rose for every class of American worker. And ...
Add to this the fact that aerospace companies tend to be duopolies or oligopolies, and you have a recipe for powerful economic compounders. Not surprisingly, industrial conglomerates Honeywell and United Technologies (maker of the space suit pictured above) are both taking steps to become more ...
During the 1800s, ship travel emerged as the primary method of touring the Great Lakes. Steamboats and sailing vessels offered transportation and breathtaking views of the surrounding landscapes. These trips allowed passengers to explore the natural beauty of the five Great Lakes, becoming a popular...
Economic strains and the need for more efficient production factor into the decision to shut it down and build a new plant in nearby Statesboro, Georgia. Previous: 1990sNext: 2010s THE FUTURE With 120 years of history, Great Dane is looking for new and innovative ways to meet our customers...
This trend was also reflected in a shift in Great Britain's economic base, which has benefited the southeast, southwest, and Midlands regions of the country, while the north of England and Northern Ireland have been hard-hit by the changing economy. The main industrial and commercial areas ...
(now Total Energies) in the1980have created an economic boom for the city, and influx of populations especially after the civil war of1997betweenPascal LissoubaandDenis Sassou Nguesso. It is good to note that the oil of Congo belongs to France, and this was the reason of the1997war ...
Recent central banking experience has proven that the bound is below zero in some countries, perhaps due to costs of storing large amounts of cash, so central bankers now speak of an “effective lower bound” that may be below zero.
After the economic boom of 1820-25, Britain experienced in 1825 the world’s first cyclical crisis, which encompassed almost all branches of the economy. The years 1816-20 were marked by an upswing of the democratic movement. For the first time it had the broad participation of factory ...
Though many Americans, especially farmers, had seen hard economic times during the 1920s, the Great Depression gripped the nation during the 1930s. Nearly all Americans were affected as unemployment rates skyrocketed and businesses and banks failed....
Instead of a sharp but short recession to liquidate the malinvestments of the preceding boom, Introduction to the Fourth Edition xxii we now have a lingering chronic recession coupled with a grind- ing, continuing stagnation of productivity and economic growth. A pusillanimous gradualism has ...