In an article filed December 27, 2010 on the Huffington Post, author Pallavi Gogoi reported that large American corporations were actively hiring but not in the United States of America. Compare the graph data with daily stock market charts in modern times, being sure to take into account that the Internet has an accelerating factor on the pace of economic change. The post-war era in the U.S. was a time of rapid change in society as the United States moved into a new economic model of industry and commerce. We are not gonna let China do whatever they want like they did thousands year ago.
Read about the investors during the 1929 stock market crash and the Great Depression – where the Wall Street investors made their money, which investors lost money, and what economic opportunities rose and vanished. That depression lasted twenty years, until the end of World War II. It was followed by a technological, cultural and economic boom evocative of the European Renaissance following the pandemic of the Black Death.
One might speculate that the economic recession and possible depression will end in a restoration of normal commerce…or, alternatively, that economic recessions and depressions are actually watershed periods, shake-ups in society that mark permanent changes in economic patterns. I think we’re in the midst of not just the early days of a depression, but a permanent economic change such as that which followed the last Great Depression.
By the time Generation X were in the work force, however, the boom had begun to fizzle, and economic opportunities had started dwindling – accounting, by the way, for the much-maligned back-to-live-with-parents habits of Gen X and subsequent generations. I’m thinking of one thing in particular that has nothing to do with political parties, nothing to do with special interest groups or the misguided paths they take, and everything to do with natural economic flow.
Economic activity: It is an economic activity because the object around doing it is always to earn money or livelihood and not out of love, affection, sympathy, etc. Profession is an economic activity in which people are engaged to earn means for their livelihood by using their Skills and special knowledge that is acquired from many studies and practice in a particular field. It is obviously an economic activity since the ultimate goal for taking up this is to earn some money.