Does the Past Determine Our Economic Future?
For more than 200 years, the U.S. economy has been on an upward trajectory despite numerous setbacks along the way. The virtual nonstop output of goods and services has been one of the great success stories of Western civilization.
People from Europe and other continents came to America even before the republic was created in 1788 and began to build one the most dynamic economies in human history. Probably the greatest challenge the American people faced occurred 160 years ago when the union was nearly torn apart by the Civil War. The war caused, according to new estimates, more than 800,000 deaths on both sides and untold destruction and damage to factories, farms, and ...
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