The 1920’s were grand because we immigrated vast underclasses in the postwar era, and used fiat money to give them credit. We transferred world financial control from London to New York.
The 30’s were terrible because of the crash produced by our experiment with immigration, fiat money, and absorbing vast underclasses no longer able to find work. Worse, the mechanization of farming was complete meaning that while the majority of the work force had been engaged in domestic service and agrarian production one generation previously, and the combination of immigrants ending of farming as a means of subsistence production.
The 40’s was odd because we were able to use the war to move displaced farmers and immigrants into relatively low skilled high volume labor. This served as a retraining of those under, laboring, and working classes via apprenticeship (job training).
The 50s were amazing because the entire industrialized world had committed self destruction, leaving american workers able to charge high prices for mediocre goods produced in volume. The fiat money made it possible.
the 60’s was the outcome of raising the children of those workers into the middle class rates of consumption.
The 70s was the reversal of the postwar privilege of the us economy, particularly the oil crisis that ended it.
The 80’s was the era of using fiat dollars to topple world communism before it could do even more harm, and the equilibration of workers incomes with european civilization.
The 90’s was the era of the cheap prices on consumer goods due do the end of communism world wide and the entry of billions into the worldwide economy.
The 2000’s was the period of shock as we politically economically and financially adapted to our declining status.
The 2010’s are the period of retrenchment as our political, economic, and financial influence in the world wanes and the pre-war- balance of powers is restored.
PEOPLE THINK POLICY MATTERS. WE ARE FLOATING ON AN OCEAN OF THE WORLD ECONOMY.
IN THE END ONLY DEMOGRAPHICS MATTER.