There is no more free land for millions of pioneers to homestead. There are no more buffalo herds to slaughter. There are no more black people to bring from Africa on slave ships to work the cotton farms. There is no more unclaimed wealth. Yes, the boom is over, and we are living at the time that everything is coming to a head.
Capitalism is on the decline as it depended on the continual expansion of the economic system.
The prosperity enjoyed by the United States until 1960 was due entirely to the wealth gained by the plundering of the New World. We are going to get poor, very poor. Many people think that the government can do something, but it cannot. The government has done everything it can to avoid facing the music. In the 60s we went off the gold standard completely in an effort to create wealth thorough the use of paper money.