Скачать или смотреть 24) Economic Timeline for United States: 1780s thru 1930s

Notes for Economics
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Let’s follow the economic timeline from
1787 into the 1930s. In assessment, a few
attributes become apparent in all three Kondratiev
Waves. During each one, the number of prosperous
years exceeds the not-so-prosperous ones.
If we count the years of prosperity as those
above trend, the ratio is two-thirds above
and one-third below trend.
The second attribute is the sequence of fluctuations
between major wars and their subsequent recessions.
Each of the first three waves had a major
war, The War of 1812, The War Between the
States, and the First World War, respectively.
Each period of prosperity, either during or
immediately after a major war, is followed
first by a Post-War Recession/Depression and,
later, by a second one. Also, there are two
to three more post-war recession years than
there were years of war-related prosperity.
This fact challenges the old adage that war
is good for the economy.
Also, periods of extended prosperity tend
to be more stable than sudden boom/busts.
Two boom/bust cycles occurred back to back
during the expansionary phase of the second
economic wave.