April 11, 2023

Why was the economy so good under Kennedy?

John F. Kennedy was the 35th president of the United States, and his tenure in office is remembered for many reasons. One of these is the robust economy he presided over during his time in office. Kennedy was able to use a combination of fiscal and economic policy measures to create a strong and prosperous economy. He encouraged investment in infrastructure, cut taxes, and increased spending on job training and education programs. This resulted in a booming economy that saw unemployment drop to just 5.5%, GDP growth of over 5%, and wages increasing at a rate of 3%. Kennedy's economic policies were so successful that they set the stage for decades of economic prosperity in the U.S. and around the world.