Documente Academic
Documente Profesional
Documente Cultură
Period 10 Group 4
Globalization
Globalization
o
moving beyond domestic borders and into international markets; increases international
trade
Rise of China
Internal Reforms
o
protected domestic economy
o
gave benefits to the poor peasants and farmers in the 1950s
Capitalism
o
cooperated with Western industries and borrowed their strategies
o
widespread public investment
Banks were lending a lot of money but there was no real money to back it up
Recovery
Ronald Reagan
Reaganomics
o Reduce growth of government spending
o Reduce federal income tax and capital gains tax
o Deregulation of domestic markets
o Increase military spending
Supply-side economics
o providing to supply more goods
Trickle-down theory
o stimulates economy by lowering taxes and promoting consumption
Sweeping financial deregulation helped build the housing bubble and allowed
financial institutions to go after risky trades unchecked.
Eliminated the rules that allowed Wall Street to cause the financial crash that
plunged the nation into the Great Recession.
Tax cuts
Barack Obama
Bibliography
-
http://www.britannica.com/EBchecked/topic/1661642/The-Great-Recession-of-2008-09-Year-In-Review-2009/286636/TheUS-Response (6/3/15)
http://thinkprogress.org/economy/2012/06/14/499523/5-reasons-americans-are-right-to-blame-bush-for-the-bad-economy/
(6/3/15)
http://www.un.org/en/development/desa/policy/cdp/cdp_background_papers/bp2000_1.pdf (06/09/15)
https://www.foreignaffairs.com/articles/asia/2008-01-01/rise-china-and-future-west (06/9/15)
https://images.angelpub.com/2013/39/21530/china-gdp-by-2025.png (06/09/15)
http://www.globalresearch.ca/china-rise-fall-and-re-emergence-as-a-global-power/29644 (06/10/15)
http://www.naftanow.org/faq_en.asp#faq-1 (06/10/15)
http://www.recovery.gov/arra/About/Pages/The_Act.aspx (06/10/15)
https://www.upcounsel.com/what-is-obamacare (06/10/15)
http://www.commondreams.org/sites/default/files/imce-images/trade-globalization1.jpg (06/10/15)
http://www.federalreservehistory.org/Period/Essay/15 (06/10/15)