1 / 27

Resource Form SharePoint

Resource Form SharePoint. Contact Information PCV Contact Name: Karin N. Jones Group Number: 38 Email:  knjoneslaw@hotmail.com Resource Information Title: Author(s): Karin N. Jones Topic : The United States Economy guest lecture

nan
Download Presentation

Resource Form SharePoint

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Resource FormSharePoint Contact Information PCV Contact Name: Karin N. Jones Group Number: 38 Email:  knjoneslaw@hotmail.com Resource Information Title: Author(s): Karin N. Jones Topic: The United States Economy guest lecture Description: This is the presentation for the guest lecture I gave on the U.S. Economy to university students. It has a MS Word document with notes that goes along with it. Document Type: Presentation Date Developed: March 2011 Please review the documents you intend to submit and certify that they do not include any of the following by indicating “NO”: Overt remarks about the political affairs of the host country No Disparaging remarks about the host country no Comments that are culturally insensitive no Information that could pose a security risk for a PCV no Remarks of matters of concern to PC or US foreign policy no Comments on matters that may impair the effectiveness of PC or PCVs no

  2. The United States Economy Karin N. Jones Community Development Volunteer Peace Corps Ukraine

  3. Introduction • U.S. as capitalist economy? • Is there such a thing as “pure” capitalism? • U.S. as mixed economy. • U.S. economy undergoing conversion.

  4. Early Days • Agricultural economy. • Disagreement over how to run the economy. • Constitution – powers granted to federal government • Issue money • Impose tax on imports • Protect intellectual property

  5. Land and Slavery • Land granted to governors sold cheap. • South’s reliance on slave labor. • Importance of cotton. • Opportunities during Civil War to expand government.

  6. Invention • Post-Civil War inventions. • Eli Whitney • Telegraph, telephone, electricity, transcontinental railroad.

  7. The Industrial Revolution • Limited primarily to the Northeast. • Immigrant workers. • Depression of 1890s. • Growth of electricity.

  8. The Great Depression and The New Deal • The Great Depression • Stock market crash of 1929. • Battle over trade. • Drought and poor planting practices. • Banking Crisis. • The New Deal

  9. World War II

  10. Post-World War II • Growth: • Automobile industry • Housing industry • Middle class • Population (Baby Boom Generation) • Marshall Plan • IMF and World Bank • Business consolidation • Change in workforce

  11. Civil Rights and the 1970s • Equal rights movements for Blacks, women. • Nixon’s wage and price control program. • Oil shocks and inflation.

  12. Reaganomics • Cut taxes to stimulate the economy • Criticisms • Supply-side economics • Increased budget deficit

  13. Deregulation

  14. Technology • Changes so fast the government cannot keep up • Old computers • Apple • The Internet

  15. The New Economy

  16. The Real Estate Bubble • Home ownership encouraged • Low interest rates • Subprime mortgages • Refinances • Lack of regulation • Securitization

  17. GDP

  18. GDP

  19. Manufacturing • Moving operations offshore • Purchasing foreign parts and components • Concentrating on higher-value products • Manufacturing jobs • Today – 10% of workforce • 1980 – more than 20% • 2006 U.S. produced $1.5 trillion in products • ¼ of total worldwide population

  20. Top 5 Manufacturers in 2007 (after the U.S.) $1,106 billion USD $926 billion USD $670 billion USD $362 billion USD $345 billion USD

  21. Agriculture • Early 20th century versus today • Size of average farm • Changes in exports

  22. Unions/Organized Labor • When and why they came into being • Taft-Hartley Act • Auto workers unions after WWII • Unions today

  23. Trade • U.S. has world’s most open borders • What the U.S. exports • Who are the top customers

  24. Small Business • Small enterprises account for • 52 percent of all U.S. workers • Majority of job growth • Represent entry point into economy for new groups • Failure rate

  25. Where Americans Work

  26. Distribution of Wealth • Ratio of CEO pay to factory worker pay • Who has what • The top 5% richest Americans own more than half the wealth in America. • The top 20% own over 80% of the wealth. • The lowest 20% have zero wealth (no assets).

  27. U.S. Economy Today • Still the world’s largest and most diverse • High productivity • Fortune 500 companies • Challenges

More Related