2. Okay First Things First, HISTORY
Economic Plan During Great Depression:
The President and Congress control fiscal and institutional
policy-things like national security, trade, and economic
laws. Under Hoover, “the top income-tax rate went from 25
percent to 63 percent, and 40-percent tariffs were imposed
on imports,“
So Basically the plan was too let The Government do every
thing and not let the people have a say on it
Hoover rose taxes on everybody and but just rosed it more
on people with higher income
http://www.heritage.org/research/reports/2004/04/the-
economic-lessons-of-president-hoover
3. FDR`s New Deal
legislative reforms that came to be known as the New
Deal
Roosevelt explained to the American people that his
New Deal program would seek to deliver relief,
recovery, and reform—the so-called "3 Rs.”
http://www.shmoop.com/fdr-new-deal/summary.html
4. How it relates to Today`s Issues?
The plans for economic relief might be the same as
back then and that’s why its so important for you
decide what's right or wrong.
Here are the plans presented by a few politicians as of
today
5. Obama`s Plan
Obama's plan for deficit reduction is make people who
make over $1 million per year pay a federal income tax
rate of at least 30%
Lower tax rates for middle-income families and
corporations
Close a loophole that allows companies to shift profits
overseas
http://www.businessinsider.com/obama-economic-
plan-2012-10?op=1#ixzz2Pq7YvS7t
6. Romney`s Plan
Increase domestic energy
Cut the deficit
Celebrate success
Repeal “Obamacare” and cut excess government
regulation
http://www.policymic.com/articles/12835/mitt-
romney-economic-plan-debunked-in-5-simple-bullets
7. The Daniel Plan (AKA Plan USA)
Combine The Romney(Republican) Plan And the
Obama (Democratic) Plan.
raise taxes on the upper class to give the government
more money and cut spending by the government by
100 billion.
“Let Daniel Explain it”
9. So What Do You Think
“Those who don’t know history are doomed to repeat
it” That is a good quote to use b/c I feel that with
knowledge about past mistakes we can b/c a smarter
group of people that will all know what to do when we
get the chance to correct it.
So in the end what do you think write about in your
journal for Mrs.Sanchez to see.