Gross National Product (GNP). The market value of goods and services produced by labor and property supplied by US residents, regardless of where they are located.
Nonland wealth was also associated with more adoption of both technologies, but the availability of uncultivated land reduced the incentive to employ the productivity-enhancing technologies.
He understood well the importance of international trade and the potential wealth to be gained from the export of flax, hemp, pitch, furs, hides and timber.
The real test of the rest of the world's stamina will come over the next year, as the negative wealth effects of falling home prices start to weigh on American consumer spending.
As to why Google lost its usual no. 1 spot, Fortune says nothing bad about the Mountain View, Calif. -based Internet concern - except that it has cut frills like afternoon tea and an annual ski trip.
He found it inconceivable that a grown man of substance would let such trivialities affect his judgment in an affair of business, and one of such importance.
It is, true, the period of his life that established his name and fortune, that swift rise from undergraduate cabaret turn to star host on both sides of the Atlantic.