As you can see, newly elected President
Truman enjoyed four consecutive years of a bullish stock market.
The FDR induced secular bear of 19+years
finally ended. President Truman benefited from a new war with Korea. At
that time, the general perception was another world war may indeed break
out.
Juan T. Trippe, founder of Pan American
Airways and InterContinental Hotels, shrunk the earth. He was the first to
rapidly expand the use of jet engines for commercial applications.. As
people traveled the world, more personal relationships developed. Friends
became friends within many corners. With that, there is less chance of
another world war. In essence, a business person has more to do with peace
than the politically minded and related egomania.
