U.S. Census Bureau Daily Feature for June 5: Economic Indices

WASHINGTON, June 5, 2017 /PRNewswire-USNewswire/ -- Following is the daily "Profile America" feature from the U.S. Census Bureau:

ECONOMIC INDICES

Profile America — Monday, June 5th. This date is notable in the realm of economics, for it marks three significant anniversaries in that science. Political economist Adam Smith was born on this date in 1723 in Scotland. In 1883, the prominent 20th century economist John Maynard Keynes was born in England. A Keynes contemporary quipped, "If all economists were laid end to end, they would not reach a conclusion." That's the case with Smith and Keynes, as broadly speaking, they represent supply-side and demand-side economics. And on this date in 1933, the United States went off the gold standard, making the dollar a floating currency on the world market. To help businesses and governments sort out all this and more, there are around 2,900 economic consulting services across the nation. You can find more facts about America from the U.S. Census Bureau online at www.census.gov.

Sources:
Adam Smith/accessed 3/29/2017: www.biography.com/people/adam-smith-9486480 
John Maynard Keynes/accessed 3/29/2017: http://articles.chicagotribune.com/2003-06-05/news/0306050035_1_sirhan-sirhan-supreme-court-john-maynard-keynes 
George Bernard Shaw quotation/accessed 3/29/2017:
www.quotationspage.com/quote/23681.html 
U.S. drops gold standard/accessed 3/29/2017: www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard/print 
Economic consulting/Economic Census/NAICS 38920: https://factfinder.census.gov/bkmk/table/1.0/en/ECN/2012_US/54SLLS1//prodsvc~38920

Profile America is produced by the Center for New Media and Promotion of the U.S. Census Bureau. Statistics and accounts drawn from cited non-Census sources are employed for illustrative or narrative purposes, and are not attested to by the U.S. Census Bureau. These daily features are available as produced segments, ready to air, on the Internet at http://www.census.gov (look for "Audio" in the "Library" pull-down menu). 

SOURCE U.S. Census Bureau

Related Links

http://www.census.gov

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