How does economic growth affect the United States?
Economic growth, or lack of it, has significant social and political implications. For example, the Great Depression caused a major shift in American social and governmental policy. http://en.wikipedia.org/wiki/New_Deal#Le… “Only a limited understanding of American politics is possible without understanding the effects of this period; the shadow of the Depression dominated American political life for decades.” http://ingrimayne.com/econ/EconomicCatas… One area that has been explored is how the rapid post WWII growth of the American economy made it easier to establish the civil rights of blacks and other minorities – people feel better about sharing the pie when there is more pie to share. (See Harvard Sitkoff’s “The Struggle for Black Equality”) Then there is the general issue of social mobility. When economic times