Draft:1960's United States boom
| Submission declined on 8 January 2024 by Greenman (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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| Submission declined on 4 January 2024 by Sungodtemple (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
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Comment: Please read the guidelines on notability. The additional sources since the previous decline don't help establish notability.Note also that it's 1960s, not 1960's. Greenman (talk) 22:43, 8 January 2024 (UTC)
- Comment: Inline citations are preferred for the book source. Reference #1 may be considered WP:SYNTH if not directly mentioned in the book source. Sungodtemple (talk • contribs) 18:55, 4 January 2024 (UTC)
The 1960’s economic boom was an economic boom within the greater Post–World War II economic expansion. The boom began at the end of the Recession of 1960–1961 on February 1961 and ended with the Recession of 1969–1970. It lasted a total of 106 months, in which It was the longest recorded economic expansion in the history of the United States until the 1990s United States boom.
Background[edit]
The 1960s are remembered as a time period of rapid workforce growth (roughly 33% between February 1961 and December 1969)[1], tax cuts, low unemployment[2][3], rapid GDP growth, gains in productivity and generally low inflation.
Although, the 1960’s were not perfect. The government routinely produced fiscal deficits, with only one surplus during this time period (as opposed to the 1950’s which produced 3)[4]. Furthermore, by 1966 inflation began to climb, which is a general trend that continued into the 1970’s.
Proposed reasons for the boom[edit]
References[edit]
- ^ U.S. Bureau of Labor Statistics, All Employees, Total Nonfarm [PAYEMS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAYEMS, January 3, 2024.
- ^ Holland, Susan S. “Long-Term Unemployment in the 1960’s.” Monthly Labor Review, vol. 88, no. 9, 1965, pp. 1069–76. JSTOR, http://www.jstor.org/stable/41836225. Accessed 4 Jan. 2024.
- ^ U.S. Bureau of Labor Statistics, Unemployment Rate [UNRATE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNRATE, January 3, 2024
- ^ U.S. Office of Management and Budget and Federal Reserve Bank of St. Louis, Federal Surplus or Deficit [-] as Percent of Gross Domestic Product [FYFSGDA188S], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FYFSGDA188S, January 3, 2024.