Is The New Entrepreneurial Era Over?

ABSTRACT The United States experienced an outburst of entrepreneurial energy in the early 1970s that flooded through the 1980s. But, why did the outburst occur? And, why did it occur when it did? Long term trends including the changing role of women and the two-income family, new technology, lower costs of business entry, and a supportive culture propped a general rise in entrepreneurial activity. However, economic turbulence, the baby boom generation and the residual of 1960s attitudes were the catalysts. Whether that outburst of entrepreneurial energy will continue through the 1990s is doubtful.