World Business: Hard Work and Vast U.S. Investment Begin to Pay Off

THE economic news of 1959 was that, in a year when the U.S. reached new heights of prosperity, the fruits of high production and resourceful salesmanship were at long last shared and enjoyed by a multitude of other nations.

In 1959, most of the world's industrialized nations reached new peaks of production and wealth, and less developed nations tasted the first fruits of free enterprise and asked confidently for more.

Throughout the year, the full extent of the free world's progress was often clouded by worry over the economic threat of the Communist nations. The Soviets and their satellites...