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The End of Affluence

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 Book The End of Affluence by Jeffery Madrick, we will discuss how America has gone from domination of the economic market , to just barely hanging on, and the many roads both good and bad that it took.
In the 1800’s a young historian by the name of Frederick Jackson Turner proclaimed that once Americas land had been purchased and fully cultivated, the deterioration of America would begin. Jackson was not alone in thinking this, many of his peers and colleagues had the same views and beliefs, but were proven wrong with the introduction of the Industrial Revolution. This new era introduced an abundant amount of shortcuts in the area labor and labor saving devices. The......

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Approximate Word Count: 4214
Approximate Pages: 17 (250 words per double-spaced page)

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