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Matt Forster

United States Events 1992-Present - 14 views

What was the Abu Grahib scandal and how did it affect Bush's presidency? (Matt)

recent events 1990s 2000s

started by Kay Bradley on 06 Sep 11 1 follow-up, last by Matt Forster on 07 Sep 11
Emma Hurlbert

Clinton's Post Cold War Policy and Why It Didn't Work - 1 views

http://www.independent.co.uk/news/world/us-foreign-policy-postcold-war-world-defeats-clinton-as-president-prepares-to-travel-to-europe-for-dday-ceremony-independent-writers-assess-his-track-record-...

foreign policy Clinton post cold war

started by Emma Hurlbert on 09 Sep 11 no follow-up yet
Kay Bradley

DH Great Depression Causes + Why it lasted so long - 0 views

www.digitalhistory.uh.edu/disp_textbook.cfm

Great Depression depression economics history

shared by Kay Bradley on 29 Jan 14 - No Cached
  • prosperity of the 1920s was a cruel illusion
  • most families lived belo
  • poverty line.
  • ...30 more annotations...
  • 60 percent of the nation's families earned less than $2,000 a year
  • Prosperity bypassed specific groups of Americans entirely.
  • The farm sector had been mired in depression since 1921
  • The decline in farm income reverberated throughout the economy.
  • Between 1920 and 1929, more than 5,000 of the country's 30,000 banks failed.
  • small businesspeople failed because they could not secure loans.
  • consumer debt also weakened the economy
  • poor distribution of income
  • During the 1920s, there was a pronounced shift in wealth and income toward the very rich
  • poorest 93 percent of the non-farm population actually saw its disposable income fall.
  • Because the rich tend to spend a high proportion of their income on luxuries, such as large cars, entertainment, and tourism, and save a disproportionately large share of their income,
  • business investment had begun to decline.
  • housing starts
  • 1924 immigration law
  • Soaring inventories
  • reduce investment and production
  • stock market speculation
  • The Federal Reserve, the nation's central bank, played a critical, if inadvertent, role in weakening the economy.
  • allowed the money supply to fall dramatically
  • "liquidity crisis."
  • the Federal Reserve allowed the country's money supply to decline by 27 percent between 1929 and 1933.
  • Instead of actively stimulating the economy by cutting interest rates and expanding the money supply-
  • tariff policies damaged the economy by depressing foreign trade
  • Fordney-McCumber Tariff of 1922
  • Hawley-Smoot Tariff of 1930
  • By 1933, international trade had plunged 30 percent.
  • Unlike most of Western Europe
  • the United States had no federal system of unemployment insurance.
  • Community Ches
  • Red Cross
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