Social development : key to the great society / U.S. Dept. of Health, Education and Welfare, Welfare Administration, Division of Research.

  • United States. Welfare Administration
Date:
[1966]
Catalogue details

Licence: Public Domain Mark

Credit: Social development : key to the great society / U.S. Dept. of Health, Education and Welfare, Welfare Administration, Division of Research. Source: Wellcome Collection.

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    THE ECONOMY “This Nation is Flourishing” All indicators of the state of the country’s economic health bear out this statement from President Johnson’s State of the Union message in January 1966. Gross National Product (GNP) Gross National Product (GNP) represents the total national output of goods and services at market prices. By the end of 1965 the GNP had risen to $697.2 billion, and the annual average was $676.3 billion. It is confidently expected to exceed $720.0 billion by the end of 1966. Our rapid rate of growth, despite some years of relative lag, is dramatically highlighted when we realize that the GNP has more than doubled in the 15 years since the Korean War in 1950. World Leader in Economic Growth of the United States was sixth, lagging behind the Soviet Union, Japan, Germany, Italy and France. But in 1965, the United States was in the lead, with a growth rate of 5.5 percent, as com- pared with Germany at 4.8 percent, Soviet Union at 4.0 percent (estimated), Italy at 3.1 percent, and the United Kingdom at - 2.8 percent. 210-131 O-66—2
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