Fluctuations in the American economy occur with uncanny regularity.
These fluctuations or trends revolve around either and (i) ascending, (ii) plateau, or (iii) descending phase of a long-term economic cycle of abundant prosperity, stagnation, or decline leading to a severe economic depression.
The complete economic cycle lasts from about 50 to 60 years. A new cycle then begins. In other words, a major economic depression occurs about every 50 years as a national an normal part of the self-correcting process of a so-called "free enterprise" economy.
Even the Bible makes reference to 50-year Jubilees where all debts were forgiven. Could it be that long-term economic cycles have always existed? [see, WWW.CHARLESJEROMEWARE.COM]
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