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Then And Now: Inc.'s Guide To The New Economy
 

Facts and figures about the evolution of the economy from 1978 to 1988.
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INC.'s guide to the New Economy

Net jobs created by U.S. economy between 1980 and 1986: 10.5 million

By Fortune 500 companies: -2.5 million

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Percentage increase in venture capital invested, 1980 to 1987: 544

In privately placed capital: 788

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Total value of venture capital-managed investments in 1987: $29 billion

Of private placements: $139.4 billion

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Total U.S. franchise sales and services in 1978: $282.2 billion

In 1988: $639.7 billion

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Percentage increase in business ownership by women, 1980 to 1985: 47.4

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Initial public offerings by U.S. companies in 1978: 67

In 1988: 384

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Total value of initial public offerings in 1978:$319.2 million

In 1988: $6.1 billion

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Total value of U.S. mergers and acquisitions in 1978: $34.2 billion

In 1988: $250 billion

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Number of Apple Computer Inc. employees in 1978: 250

In 1988: 10,000

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Total U.S. steel production in 1978: 137 million tons

In 1988: 99 million tons

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Percentage increase of per capita income in constant dollars, 1978 to 1987: 9

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Percentage increase of U.S. children under age 18 living below the poverty line, 1978 to 1987: 28

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Number of U.S. millionaire households in 1985: 832,000

In 1988: 1.4 million

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Number of fax machines sold in the United States in 1983: 70,000

In 1988: 1.5 million

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Total number of personal computers in U.S. homes in 1982: 2.4 million

In 1988: 22.8 million

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Net jobs created by manufacturing companies employing fewer than 20 people, 1980 to 1986: 574,000

By manufacturing companies employing more than 500 people: -1.7 million

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Number of Japanese cars manufactured in the United States in 1988: 695,020

In 1978: 0

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Number of U.S. cars sold in Japan in 1988: 14,511

In 1978: 13,947

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Percentage increase in trading volume on the New York Stock Exchange, 1978 to 1988: 454

On NASDAQ: 1,025

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Ratio of amount spent on U.S. mergers and acquisitions to amount spent on industry-financed research and development between 1980 and 1985: 2 to 1

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Number of U.S. universities offering entrepreneurship programs in 1981: 163

In 1985: 250

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Percentage of Harvard Business School graduates who work for companies with fewer than 100 employees within 10 years of graduation: 34

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Percentage of U.S high-school students who picked the correct definition of the term profits in a 1988 multiple-choice test: 34

Last updated: Apr 1, 1989




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