A Soaring Economy

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The Soaring American Economy Special issue Life Magazine 1/5/53

The soaring economy of post war America was the gold standard for the American Dream.

The people of Mid-Century America had never been more prosperous, never had Dad, the breadwinner, taken home so much money.

The soaring strength of the roaring bull market was at an all time high symbolizing confidence in the Capitalist system. American industries were the symbol of our strength, and like the biceps of the healthy and strong, spoke of the wisdom of our ways.

In early January of 1953 Life Magazine published a special issue devoted solely to the booming American economy. Entitled “The American and His Economy,” it was an unabashed love letter to this record-breaking economic splendor.

A Land of Good n’ Plenty

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Mid-Century Businessmen were sitting pretty (L) Illustration from Martin Aircraft 1946 (R)

“During the past dozen years or so,” the magazine begins in an introduction written by social historian Frederick Lewis Allen, “we have been watching in the United States something close to a miracle…The once sick American economy has become the wonder of the modern world.”

The articles then go on to boast: “In two decades the U.S. has by-passed the methods and exceeded the goals which old-fashioned socialism had set up as ideals for an economic society.”

“It has achieved instead something totally new and something infinitely better.”

“More or less unconsciously the nation has pulled off a major social revolution. The means to this end have been historically unique, a process mainly of grading society up from the bottom rather than down from the top.”

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American Abundance for all Vintage ad Wheaties sweepstakes 1958

“Most of the change has been wrought by a simple but bold economic idea: more of everything for everybody.”

“It is an idea of production and consumption rather than conservation and thrift.”

“Some of the results are far-reaching:

  • More Americans now own their homes than rent.
  • Since 1929, the US has moved halfway toward equality of income for all members of the population.
  • The US has reached a state almost unique in history where increase in population means increase in prosperity.

 The 99%

For Mr and Mrs America, the factory workers, engineers, housewives and business managers, the issue never lets us forget that, “the US is still a place to get rich quick and honestly.”

A Confident Future

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Money to Burn in a Booming Economy (L) Vintage illustration Wall Street from “The Romance of Capitalism” 1958 by Donald Cooke (R) Money to burn illustration from vintage American Airlines ad 1953

And finally, to answer for the reader the most important question of all about their economy the article asks: “Where are we going from here and what will happen to me?”

According to the giddy experts, there was no end in sight for this soaring economy.

The bull in our soaring bull market was a symbol that the US could compete and win.

And in this land of good and plenty one thing we were never short of was confidence.

A Bull Market Indeed!

Copyright (©) 20013 Sally Edelstein All Rights Reserved

 

Standing with the Family Farmer

Farm Aid 2013

Farm Aid 2013

On Saturday, the great Pete Seeger took center stage, along with John Mellencamp, Neil Young, Willie Nelson and Dave Mathews at the 28th edition of in Farm Aid, this year held in beautiful Saratoga Springs, NY. In a Huffington Post article Willie said this:  “Every year, come harvest season, we gather for the annual Farm Aid concert. Artists, farmers, activists and eaters, we come together to recognize the crucial importance of family farmers. We take account of how far we’ve come and we renew our spirits for the fights ahead. We stand with family farmers.”

“Today, as the minutes tick down to another farm bill deadline, people in towns and cities everywhere are taking matters into their own hands. They’re standing up with family farmers and insisting on food that is best for them and their families. They’re seeking out food from family farms at farmers markets, grocery stores and restaurants. They are organizing to change the food served in schools, hospitals and public institutions. They’re making their voice heard and voting for family farm food every way they can. Our message is hard to miss. America needs family farmers. Congress, can you hear us?”

To read the entire article click here.

Hero Is A Woman

Hero

The Last Watch of Hero by Frederic Leighton

Hero Is A Woman is the opening vignette in a in a new, delightful book of inspirational mini-biographies celebrating the heroic feats of courageous women, Heroic Vignettes by Tami Richards. If you would like the chance to win an autographed copy, just enter your name and email on our Facebook page in the tab Enter To Win.

“So the sun set and the dusk came. The first star shone; and as the gradual dark deepened, the torch glowed brighter, a signal through the night. About her, asleep, were the sparrows and doves, the birds of Aphrodite which it was Hero’s duty to feed. At the foot of the rocks the ocean boomed solemn and forbidding. Continue reading

Deserve A Glance Back?

Born In the 60s

Just finished reading two wonderful posts, America World Peace Keeper, by our very own contributor, Sally Edelstein, and Pushing America’s Reset Button by Maggie Van Ostrand. Both author’s reflect on our country’s “good old days,” when America garnered the respect of the world and was considered the Ambassador of Peace and when “Made in America meant the product might even outlast the buyer.”

There seems to be a lot of action on Facebook lately with postings like the image above, or this one:  “For Anyone who was born in the 50s, 60s, 70s or 80s…We are the last generation who played in the streets. We are 1st who played video games. We walked over a mile with no worries on being taken. We learned how to program the VCR before anyone else. We played from Atari to Nintendo. We are the generation of Tom and Jerry, Looney Toons and Captain Kangaroo. We traveled in cars without seat belts or air bags. We were taught to say please and thank you, and to have respect for our elders. We were taught to say ‘yes sir’ and ‘no sir’ and to lend a helping hand to those in need. We were taught to hold the door for the person behind us, say ‘excuse me’ when it’s needed and to love people for who they are and not for what we can get from them. We were also taught to treat people the way we want to be treated.” We did not have flat screens, surround sounds, facebook, twitter or computers. Nevertheless, we had a great time!”

Is it because we are becoming weary and frightened by the explosion of fast technology and the way the world may be headed, or are we just looking back through rose-colored glasses?  What do you think? We’d love to hear your thoughts.

Graphic (not including words) by www.spreadshirt.co.uk