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1974 - 3,160,000 births per year <BR>
1974 - 3,160,000 births per year <BR>
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The name 'boom' itself is derived from the [[Boom and Bust]] cycle, or business cycle, and exonerates [[President Franklin Roosevelt]] and the [[New Deal]] of the charge of [[socialism]]. It has been argued that Franklin Roosevelt 'saved [[capitalism]]', and without him, America would have suffered violent socialist revolution. By 1946 when newspaper and magazines began writing about the new 'boom' in babies, both the boomers' parents in their 20s and their parents and grandparents who suffered through Depression and war, well understood the boom and bust cycle of capitalism as necessary to supply a nation and its people with all the food, clothing, shelter, and national defense to protect [[democracy]] and bring about prosperity for all peoples, and that the leftwing socialist and [[totalitarian]] regimes they fought against, first in [[National Socialist]] [[Germany]], then against the [[Union of Soviet Socialist Republics]] in the [[Korean War]], were a threat to [[freedom]], [[liberty]], and human rights. Hence the 'baby boom' was born, and their parents and grandparents had by the testimony of their own lives throught the Great Depression and war years and New Deal, a healthy respect for the [[profit]]-motive.
===Easterlin Models===
===Easterlin Models===