US Economy: "In Our Hands: How to Keep What We Have" 1950 American Economic Foundation

more at http://money.quickfound.net Made when US economy was 1/2 of world production. Now US is about 1/4 of world produciton. '"How well we manage our natural resources, our human energy and our tools determines how well we live in America. Despite our great productive power we still have many problems, which are more apt to be solved by free men exercising their personal and economic freedoms under a limited government than by those who would invoke a Master Plan administered by a Master State." Anti-communist film.' see also: In Our Hands: What we Have http://youtu.be/v1JScquoLxc Public domain film from the Prelinger Archives, slightly cropped to remove uneven edges, with the aspect ratio corrected, and mild video noise reduction applied. The soundtrack was also processed with volume normalization, noise reduction, clipping reduction, and/or equalization (the resulting sound, though not perfect, is far less noisy than the original). http://creativecommons.org/licenses/by-sa/3.0/ http://en.wikipedia.org/wiki/Economy_of_the_United_States The economy of the United States is the world's largest single national economy. The United States' nominal GDP was estimated to be $16.6 trillion in June 2013, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is also the largest of any single country in the world, approximately a fifth of the global total. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. Its five largest trading partners are Canada, China, Mexico, Japan, and Germany. The US has abundant natural resources, a well-developed infrastructure, and high productivity. It has the world's sixth-highest per capita GDP (PPP). The U.S. is the world's third-largest producer of oil and second-largest producer of natural gas. It is the second-largest trading nation in the world behind China. It has been the world's largest national economy (not including colonial empires) since at least the 1890s. As of 2010, the country remains the world's largest manufacturer, representing a fifth of the global manufacturing output. Of the world's 500 largest companies, 132 are headquartered in the US, twice that of any other country. The country is one of the world's largest and most influential financial markets. About 60% of the global currency reserves have been invested in the US dollar, while 24% have been invested in the euro. The New York Stock Exchange is the world's largest stock exchange by market capitalization. Foreign investments made in the US total almost $2.4 trillion, which is more than twice that of any other country.[30] American investments in foreign countries total over $3.3 trillion, which is almost twice that of any other country. Consumer spending comprises 71% of the US economy in 2013. The labor market has attracted immigrants from all over the world and its net migration rate is among the highest in the world. The U.S. is one of the top-performing economies in studies such as the Ease of Doing Business Index, the Global Competitiveness Report, and others. The US is ranked first globally in the IT industry competitiveness index. The US economy is currently embroiled in the economic downturn which followed the Financial crisis of 2007--2008, with output still below potential according to the CBO and unemployment still above historic trends. As of September 2013, the unemployment rate was 7.2% (11.26 million people), while the government's broader U-6 unemployment rate, which includes the part-time underemployed, was 13.1%. With a record proportion of long term unemployed, continued decreasing household income, and new federal budget cuts, the US economy remained in a jobless recovery. At 11.3%, the U.S. has one of the lowest labor union participation rates in the OECD. Extreme poverty in the United States, meaning households living on less than $2 per day before government benefits, doubled from 1996 levels to 1.5 million households in 2011, including 2.8 million children. The wealthiest 10% of the population possess 80% of all financial assets. Total public and private debt was $50.2 trillion at the end of the first quarter of 2010, or 3.5 times GDP. In October 2013, the proportion of public debt was about 1.07 times the GDP. Domestic financial assets totaled $131 trillion and domestic financial liabilities totaled $106 trillion. The US economy is regularly reviewed with comprehensive economic data analysis in the Beige Book of the Federal Reserve System, the Bureau of Economic Analysis of the Department of Commerce, the Bureau of Labor Statistics of the Labor Department and economic indicators of the US Census....