STATE OF BUSINESS: Outdoing the Optimists

One day in the fourth quarter of 1959, the U.S. economy will pass a long-awaited milestone far ahead of schedule. Americans by then will be producing, earning, spending and investing at the rate of $500 billion yearly, raising the U.S. to the level of a half-trillion-dollar economy. For each of the nation's 45 million families, the breakthrough will represent some $11,000 worth of goods and services produced by U.S. factories, farms, mines, government and service industries. The total will be many billions greater than the combined gross national products of the Soviet Union, Great Britain, West Germany and France.

This...

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