1950s: Money poured into defense spending during the 1940s helped to create a successful military-industrial complex that bolstered the economy in the 1950s. Companies produced goods that enabled them to become prosperous and hire more workers who would in turn buy more goods.

Today: A healthy economic forecast causes the stock market to soar and pays huge dividends to investors.

1950s: Critics attack Senator Richard Nixon's moral character when rumors of illegal funds surface during the 1952 presidential campaign.

Today: Critics attack President Clinton's moral character when rumors of illegal funds, shady business dealings, and sexual improprieties surface.

1950s: Baseball is America's favorite pastime. Salaries for top athletes soar into the thousands.

Today: Frustrated by rising ticket prices, the 1994 strike, and players' salaries soaring into the millions, many fans become disillusioned with the game.

1950s: The public clamors for news about the personal lives of...