The Economy: What's Ahead?
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The American economy was booming in the 1920s. There were 23 million cars on the roads, and folks were buying consumer goods – especially those new-fangled radios – as fast as the nation’s factories could turn them out. The stock market was soaring, climbing from a Dow Jones average of 88 in 1924 to 381 in September 1929, and prompting one of the nation’s leading economists to say that stock prices “had reached what looks like a permanently high plateau.”
My Top Priority Remains West Virginia's Economic Renewal
These are tough times for our nation’s economy. Companies have been shedding jobs at an alarming rate. Millions of hardworking Americans have lost their jobs, and job creation has been extremely slow.
Most See Manufacturing as Vital to the Nation’s Economic Health
In the view of most Americans, manufacturing is the key industry necessary to achieving and maintaining America’s economic prosperity, overshadowing the technology, energy, health care, financial services, retailing and communications industries.
