[proxy_user]

I would also add that the demographic profile was great. There were huge numbers of healthy adult workers, hordes of little kids, and very few retirees to support. If there are 10 or 12 workers for each retiree, the workers have a lot of money available to spend on their families.

[DannyTN]

Good points. Add that we had protective tariffs and didn’t start lowering them until the 1960’s.