The 1980s American Economy

In the early 1980s, the American economy was suffering through a deep recession. Business bankruptcies rose sharply compared to previous years. Farmers also suffered due to a decline in agricultural exports, falling crop prices, and rising interest rates. But by 1983, the economy  had rebounded and enjoyed a sustained period of growth as the annual inflation rate stayed below 5 percent for the remainder of the 1980s and part of the 1990s. Why did the American economy experience such a turnaround in the 1980s? In â€Å"Outline of the U.S. Economy,† Christopher Conte and Albert R. Karr point to the lasting impacts of the 1970s, Reaganism, and the Federal Reserve. Impact of  the 1970s The 1970s was a disaster on American economics. The recession marked the end of the post-World War II economic boom, and the United States experienced a lasting period of stagflation—a combination of high unemployment and inflation. Voters held Washington politicians responsible for the economic state of the country. Upset with federal policies, they ousted President  Jimmy Carter in 1980 and voted in former Hollywood actor and California Gov.  Ronald Reagan  as president, a position he held from 1981 to 1989. Reagans Economic Policy The economic disorder of the 1970s lingered into the beginning of the 1980s. But Reagan’s economic program soon had an effect. Reagan operated on the basis of supply-side economics—the theory that advocates lower tax rates so people can keep more of their income. Proponents argue that supply-side economics results in more savings, investment, production, and, ultimately, greater economic growth. Reagan’s tax cuts mainly benefited the wealthy, but through a chain-reaction, they also helped lower-income earners as higher levels of investment eventually led to new job openings and higher wages. The Size of the Government Cutting taxes was only one part of Reagan’s national agenda of slashing government spending. Reagan believed the federal government had become too large and interfering. During his presidency, he cut social programs and worked to reduce or eliminate government regulations that  affected the consumer, workplace, and environment. But he did spend on the military. In the wake of the disastrous Vietnam War, Reagan successfully pushed for big budget increases for defense spending by arguing that the U.S. had neglected its military.   Growing Federal Deficit In the end, the reduction in taxes combined with increased military spending outweighed the spending reductions on domestic social programs. This resulted in a federal budget deficit that went well beyond the deficit levels of the early 1980s. From $74 billion in 1980, the federal budget deficit ballooned to $221 billion in 1986. It fell back to $150 billion in 1987, but then started growing again. Federal Reserve With such levels of deficit spending, the Federal Reserve remained vigilant about controlling price increases and raising interest rates any time they seemed a threat. Under the leadership of Paul Volcker and his successor Alan Greenspan, the Federal Reserve effectively guided America’s economy and eclipsed Congress and the president. Although some economists were nervous that heavy government spending and borrowing would lead to steep inflation, the Federal Reserve succeeded in its role as an economic traffic cop during the 1980s.   Source Conte, Christopher and Karr, Albert R. â€Å"Outline of the U.S. Economy.† U.S. Department of State, 2001, Washington, D.C.

Free Trial - 6054 Words

EXERCISES 6 Name:_________________________________________________________________ Test yourself A. answer the following by writing the words on the blanks provided for. 1. What do you call the large number of sensitive nerve ending _______ 2. What results when one loses his/her sense of smell? _______ 3. How do you describe the smell of varnish ______, burnt leaves _____, mustard _____, and roses _______? 4. Why do people collecting garbage not show annoyance anymore to the dirt and smell _____ 5. Where us the sense of smell located? ________ B. True/False. Encircle T if the statement is correct and F if it is incorrect. T F 1. Generally when one loses his/her sense of smell, he/she also loses the sense†¦show more content†¦a. Endocrine gland b. pituitary gland. C. adrenal gland 3. When the muscles are in healthy condition, it is said that they maintain their __. a. Elasticity b. tonicity c. contractility 4. __ are muscles that act like voluntary muscles but actually they cannot be moved at will. a. Cardiac muscles b. voluntary muscles c. involuntary muscles 5. When a person easily reacts to emergency situation, it is said that his __ activates immediately. a. Endocrine gland b. pituitary gland c. adrenal gland B. Matching type. Match concepts in column left with the best answers in column right. Write letters only. Column left Column right ___1. Muscles with rhythmic movement a. extensibility ___2. Stripes muscles that can be moved at will. b. insulin ___3. Capacity of the muscles to be stretched c. peristaltic ___4. Sometimes called the â€Å"Master Gland† d. thyroid ___5. A flat butterfly like gland e. endocrine ___6. Small floating bodies in the pancreas f.pancreas ___7. Hormone usually injected to diabetic persons g. gonads ___8. The sex glands h. island of Langerhans ___9. Muscles found in the internal organs i. visceral ___10. Gives shape to the body j. muscle k. adrenalin l. voluntary m. pituitary A. B. 1. B 1. 6.H 2. A 2.L 7.B 3. A 3.A 8.G 4. A 4.M 9.I 5. C 5.D 10.J EXERCISES 10 Name:_________________________________________________________________ TestShow MoreRelatedThe Trial And Free Salem1311 Words   |  6 PagesThis situation manifests itself in Salem, where, in order to further their own personal desires to continue the trials and free Salem, the judges and prosecutors prefer to preserve their own veneer of authority over administering justice, rely on unreliable and easily manipulative witnesses, and fail to provide full legal rights to their defendants, rather than fairly adjudicating the trials. 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Inconsiderate Neighbor free essay sample

A neighbor can be many things, but the ones I had, have only been one thing and that was inconsiderate. There was always some kind of inconsideration when it came to my neighbors. If it wasnt their kids, dogs, or loud music, then it was the police getting involved. Now Im not a parent, but for the love of God have some kind of respect for your neighbor by keeping your kids noise down to an indoor voice. This woman and her kids was the definition of inconsideration.She had three kids and hey would shout at the top of their lungs, while their mom would sit on the porch drinking beer. Then when she was finished with the bottle she would throw it in our yard. My next neighbor had a dog that would bark from sunrise to sunset. He would bark at the crazies things like: when the phone rang, or when my grandmother pulled up in our driveway, and when you went to go check your mail. We will write a custom essay sample on Inconsiderate Neighbor or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page That dog would bark at anything and everyone. Finally, I had these young men move in next door and they took the cake of finding a new way of being Inconsiderate. It was around midnight, when these men threw a loud party that was still going strong with their loud music. As soon as you thought it couldnt get worst, the police would show up and arrest the young inconsiderate men for disturbing the peace. I felt bad for the guys but I was happy as well, for now my grandmother and I could get some well deserved rest. Since we cant choose are neighbors, we have to live beside the ones we get. We have to hope and pray that they are respectful to their neighbors and not Inconsiderate.

Unsung Hero Essay Research Paper Unsung HeroDefining free essay sample

Unsung Hero Essay, Research Paper Unsung Hero Specifying the word hero is hard. The dictionary provinces that a hero is any individual admired for bravery, aristocracy, or feats, particularly in war. For most people, the definition of hero is left to reading. Some people believe a hero is an exceeding jock, but others think it is the local bull that made the intelligence for a occupation good done. It is all up to the person who is specifying what a hero is. Jan Karski is a hero for several grounds ; he proved to be brave, demonstrated his intelligence, and he lived to state his narrative. It is frequently said that Karski tried to halt the war himself and failed ( O? Keefe ) . His effort to halt the war did neglect but his voice was heard. Through his attempts, other states became more involved and they opened their eyes to what was traveling on. We will write a custom essay sample on Unsung Hero Essay Research Paper Unsung HeroDefining or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Though he did neglect, he played an of import function which helped stop the war. Jan Karski was born in 1914, in Lodz Poland ( Block 170 ) . He was the youngest of eight kids. Karski? s male parent died when he was immature and neer cognizing his male parent left him unable to love him. On the other had, he had great regard for his female parent, he loved her ( Block 170 ) . Through school he was a good pupil. His strong topics were history, poesy and literature. Harmonizing to Karski, ? Jews were ever strong in scientific discipline, ? and throughout his school old ages, he was great friends with a group of Judaic male childs. This group of immature work forces, including Karski would assist each other with their surveies. Karski finished school in 1931, his female parent did non desire him to travel into the military so he went to college alternatively. He majored in jurisprudence an diplomatic scientific discipline and received his maestro? s grade in 1935 ( Block 170 ) . After graduating from the university, Karski began working for the League of Nations and in 1939, he became the secretary of the Department of Immigration, and he became the private secretary of the manager of forces in the Foreign Ministry. As the war became more of a menace, Karski took on new functions. Karski started in the armed forces when the Nazis invaded Poland. After the armed forces he serviced as a propagandist and Polish undercover agent during the war. He subsequently fell into the function of messenger for the Polish Underground. Here, his bravery became obvious. Karski, who had been a practising Catholic, converted to the Judaic faith. He stated: ? Like the household of my married woman? all of them perished in the ghettos, in the concentration cantonments, in the gas Chamberss? so wholly murdered Jews became my household? ( Wood ) . Though Karski witnessed some of the most hideous Acts of the Apostless in history, he managed to stand up for himself and for the 1000000s of other people who died in vain during the holocaust. The victims of the Holocaust died in vain because at the clip 1000000s of people were being in secret murdered. Upon observation, Karski realized that the authorities and civilians candidly had no Idaho Ea of what was traveling on. They knew really small about the horrendace acts that were taking topographic point during the war. Those who did cognize, turned the other cheek because they did non desire to acquire involved. Karski proved his bravery by put on the lining his life. He endured the anguish of the decease cantonments in order to happen out what was traveling on interior. He would so show his intelligence by lasting the cantonments and in the terminal, being sane plenty to state about them. Much of what Karski reported was so incredible that many people could non believe what he said. Cipher was naming Karski a prevaricator, but the events he depicted were so impossible they couldn? t believe these flagitious offenses were traveling on. He would state of the anguish that guiltless people endured. He told of the mass slayings in the gas Chamberss and the trials that were being performed in secret research labs. Karski had lived through many tragic personal businesss. When all was said and done he took clip to compose a book. All though, he had been composing during the war, he now took in everything he had experienced and all that he had seen, and put his escapades in composing for all the universe to digest. In his book he revisited his yesteryear and told his Narrative of a Secret State. His book told of the atrociousnesss that he witnessed and of the atrocious memories that still haunted him. He bared his psyche and left his character unfastened to judgement. His actions non merely competition he was a hero, but it proves he was. After he had written his book and lived his life, Karski appeared in the movie Shoah where he acted out the events of his life in the Warsaw ghetto. The war left Karski scarred, but it did non halt him from carry throughing a long life. After the war he went on to learn political scientific discipline at the Georgetown University. Many say that he is non a hero but after all he had been through and all he has taught the universe, he is decidedly worthy of being called a hero. Jan Karski defined bravery and intelligence during war clip and throughout his life and thanks to him, we have the books to remind us of what he went through to assist salvage the universe. Block, Gay and Drucker. Saviors: Portrayals of moral Courage in the Holocaust. New York? London: Holmes A ; Meier Publishers, Inc. , 1992 Cavanah, Frances ( erectile dysfunction ) . We Wanted to be Free: the Refugees? Own Stories. Philadelphia: Macrae Smith Company. , 1971 Lewin, Zofia and Wladyslaw Bartoszewski. ? Jan Karski? s Account. ? University of Pennsylvania: Department of English Home Page. 1999. 1 October 2000. O? Keefe, Theodore J. ? A Secret Report by Jan Karski. ? The Journal for Historical Review ( www.irh.org. ) . 1986. 1 October 2000. Wood, E. Thomas and Stanislaw M. Jankowski. Karski: How One Man Tried to Stop the Holocaust. metropolis: John Wiley A ; Sons, Inc. , 1994