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Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions -- a "New Era" when everyone could be rich. But when reality finally struck, the consequences of such unbound optimism shocked the world.

November 19, 1990 · 55m
Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions -- a "New Era" when everyone could be rich. But when reality finally struck, the consequences of such unbound optimism shocked the world.