The End Of Affluence

Part I of Essay
As the first European settlers arrived in America, ideas of wealth and prosperity were fully implanted in their minds. These ideas soon turned into reality, and the United States dominated the global economy up until the post World War II years. In this paper, from the Bo ....

Part II of Essay
.... new way of business were evident, the years between 1790 and 1807 showed American exports rising from 20 million to 108 million exported goods a year. The increase in exported goods was not only due to the new inventions, but also the high tariffs placed on imports, giving America a trade surplus. This increase in trade not only brought about wealth and economic growth, but also revolutionized inventions. One of the largest examples, is the introduction of the railroad, and the tremendous effect it had on the trade of goods. This revo ....