The railroad, the steam engine and the telegraph were setting the stage for transforming the country from an agrarian society to an industrial powerhouse. For politicians it is a good time to be in office. The economy is growing at rates not seen since the 50's and 60's. Everyone who wants to work can find a job. Wages and personal income are rising.
Consumer confidence is high.
The stock market has risen for 17 straight years. Corporate profits are up. The world is at peace. In economic terms things have never looked better. Most Americans have jobs.