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business cycle

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Surname 2 Name Instructor Course Date US Recessions According to the article, the financial crisis experienced in the US in the year 2007 is to blame for the persistently low level of per capita GDP and high level of unemployment. The authors use this outcome as evidence to support the assertion that financial crises resulting from systemic banking crisis are often deep and long lasting (Reinhart and Rogoff).

Vocabulary for APUSH 1920's and 1930's

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1.Charlie Chaplin- He was an English actor who rose to fame as a silent actor and rose from nothing to be at the top of the acting profession. He fought against fascism and recognized it as a an evil and in his film, The Great Dictator, satirized him. 2.Jack Dempsey- Jack Dempsey was a professional American boxer who was a celebrity that had his reputation hurt for a perceived attempt to avoid enlistment in the U.S. army until records were revealed that showed he was rejected. 3.Satchel Paige- He is a legendary African-American pitcher who joined the white league after showing great promise in the black league and was inducted into the MLB Hall of Fame.

APUSH DBQ sample

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1945-1960 periodization New Era Nickname: Amiable America All of the events below helped to make Americans happier and life easier. Interstate Highway System- under Eisenhower, a large amount of highways were created across the United States, speeding up transportation time, and causing an increase in consumer spending from decreased transportational prices. Jonas Stalk created the Polio Vaccine- The Polio Vaccine prevented a multitude of deaths and contributed to our era nickname, Amiable America, because less Americans were dying from the deadly disease.

Great Depression

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Samantha Greenblatt January 30th, 2014 US6 Causes of the Great Depression Stock Market Crash: Documents C, D, F The stock market crash was one of the causes of the Great Depression because at the time almost every citizen had invested in the stock market. When it crashed more than 40 billion dollars were lost. Many Americans believed they could get rich by investing in stocks so that is what they did. Because people?s life savings were put in the stocks, they lost all of their money. They had no money to spend, which meant businesses had no income. With no money there was no consumption, which caused businesses to fail and inevitably caused the Great Depression. Margin and installment Buying: Documents G, H

Great Depression

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Great Depression In Class Notes Causes of the Great Depression Stock market crash Overproduction Industry Agriculture Industries produced more goods because of good economy in the 1920s Did not raise wages to keep up Results in under consumption Wages stayed stagnant ? market flooded with goods that cannot be purchased Unequal distribution of wealth No middle class Top 1% of Americans had more wealth than the bottom 42% of Americans Monetary policy Federal government raised interest rates in the 1920s People pulled money from banks to invest with stocks Government didn?t help the bank High tariffs and war debts Increase tariffs Election of 1932 Republican: Hoover (incumbent) Sent out the ?bonus army? on the veterans who marched on the mall

Krugman Macroeconomics Chapter 20

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Module 20: Economic Policy and the Aggregate Demand? Aggregate Supply Model How the AD?AS model is used to formulate macroeconomic policy The rationale for stabilization policy Why fiscal policy is an important tool for managing economic fluctuations Which policies constitute expansionary fiscal policy and which constitute contractionary fiscal policy ? ? Economy is self-correcting in the long run: it will eventually trend back to potential output Stabilization policy: is the use of government policy to reduce the severity of recessions and rein in excessively strong expansions ? Policy in the Face of Demand Shocks Monetary and fiscal policy shift the aggregate demand curve

Krugman AP Macro Economics Chapter 2

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Chapter 2: Module Introduction to Macroeconomics ? Business Cycle: differences between downturns and upturns in macroeconomic Depression: Deep and prolonged downturn (ex: great depression) Recession: shorter economic downturns where output and employment are dropping (ex: state of the US now) Expansion: upturn where output and employment are rising Employment/Unemployment Employment: total number of people working for pay, rises in good economy Unemployment: total number of people who aren?t employed, rises in bad economy Labor Force: A country?s sum of employment and unemployment Unemployment Rate: percentage of labor force/people in country who are unemployed Aggregate Output Output: quantity of goods and services, decreases in bad economy

the 1920s and 1930s vocabulary

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The 1920s and 1930s 272. Nativism: severe immigration laws to discourage and discriminate against foreigners, believed to erode old-fashioned American values ? Birth of a Nation? spawned resurgence of the Ku Klux Klan?based on The Clansman Ku Klux Klan ? spread quickly; opposed everything that was not White Anglo-Saxon Protestant (WASP) (and conservative),Stephenson?s faults and jail sentence led to demise ?National Origins Act (1924) ? reduced quota, reduced numbers from eastern and southern Europe, Asians banned, Canadians and Latin Americans exempt ? Sacco & Vanzetti Trial ? prejudiced jury sentenced them to death, caused riots around the world, new trial denied

Chapter 33 Outline

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Chapter 33- The Great Depression and the New Deal Americans, near the 1932 election, were sinking into a state of poverty and depression Hoover was nominated again by the Republican party FDR was chosen as the Democrat candidate. He was much like TR but TR was pugnacious and confrontational while FDR was suave and conciliatory FDR: Politician in a Wheelchair As a young man he was tall, handsome, etc. but caught a disease and was paralyzed. By fighting his way back from the bottom, he taught himself patience, tolerance, compassion, and strength of will Eleanor Roosevelt, his wife, had a lot to do with his political careers. She would always travel with him, make speeches on his behalf, made speeches, and battled for the poor and equal rights Liberals loved her, conservatives didn?t

greatdepression

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Essay The Great Depression robbed thousands of their jobs and further more put America into danger. It also was blamed for the stock market crash of 1929 that had ruined people?s lives. The Depression had also wiped out millions of investors investments. And because of the Great Depression consumer spending had dropped severely. Because of the stock market crash investing had nearly stopped.

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