Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.
Economic Basics
WWII & Beyond
Economic Basics
• study of production & distribution of
goods & services
-micro=small consumer/ind. Markets
-macro=big pic...
Trends
• recession
-part of business cycle
-occurs with drop in spending
-try to get people to spend
-increase money suppl...
Deficit v. Debt
• deficit
-difference between $ gov’t takes in
and what gov’t spends each year
• debt
-accumulated deficit...
Approaches
• Supply-Side Economics
-tax cuts for the wealthy
-increased investments
stimulate economic growth
• Keynesian ...
World War II
• Fed. gov spends $350 billion
-twice total of all US history
-40% taxes/rest bonds
• work force –grows 20%
•...
Righting the Ship
• GI Bill – loans
-business, home & college
• Taft-Hartley Act
-anti-union
-passed over veto
•‘45-’60 – ...
Nächste SlideShare
Wird geladen in …5
×

The us economy since wwii

325 Aufrufe

Veröffentlicht am

Economic overview

Veröffentlicht in: Bildung
  • Als Erste(r) kommentieren

  • Gehören Sie zu den Ersten, denen das gefällt!

The us economy since wwii

  1. 1. Economic Basics WWII & Beyond
  2. 2. Economic Basics • study of production & distribution of goods & services -micro=small consumer/ind. Markets -macro=big picture/whole econ • principle of scarcity -how to satisfy unlimited wants with limited means • factors of production -land; capital; labor; entrepreneurs • opportunity cost -cost of an economic decision
  3. 3. Trends • recession -part of business cycle -occurs with drop in spending -try to get people to spend -increase money supply -increase gov’t spending -lower taxes • depression -not part of cycle -long term downturn in activity -high unemployment -price deflation • stagflation -combo “stagnation” & “inflation” -high inflation -high unemployment
  4. 4. Deficit v. Debt • deficit -difference between $ gov’t takes in and what gov’t spends each year • debt -accumulated deficits -at interest -currently $16.3 trillion
  5. 5. Approaches • Supply-Side Economics -tax cuts for the wealthy -increased investments stimulate economic growth • Keynesian Economics -government spending to stimulate economy -New Deal
  6. 6. World War II • Fed. gov spends $350 billion -twice total of all US history -40% taxes/rest bonds • work force –grows 20% • GNP (total goods & services) -doubles ‘39-’45 Post War Problems • Inflation -few consumer goods -$140 billion in savings • Strikes for higher wages -no raises during war -overtime less available
  7. 7. Righting the Ship • GI Bill – loans -business, home & college • Taft-Hartley Act -anti-union -passed over veto •‘45-’60 – US 6% of world pop. -prod. 50% of manu. goods • military-industrial complex -permanent war economy

×