Social Studies unit 2

Ronald Regan was a president of the united states. Regan omics refers to a political system focused on supply side economics (trickle down economics) The emphasis of this system is production of goods which is why this economic style supports producers so that it gets reinvested in the economy. The government lowers interest rates to promote spending by businesses to attract borrowers who want loans with low interest rates to invest for growth/profit. Government revenue is decreased because taxes have been reduced so there is expenses must be cut.

Another case of supply side economics. Margaret Thatcher was the Prime Minister of the United Kingdom and leader of the conservatist party.

He was president of the united states. he started the beginning of a shift towards a welfare state and mixed economy. He replaced President Herbert Hoover, who had responded to the 1929 Stock Market Crash with pure capitalist practice, believing that the market would correct itself if left alone.  It did not and Franklin took over promising government support for those in need. He implemented massive public works programs to put people to work also known as the "New Deal"

Numerous organizations that worked with government to create employment, develop infrastructure, and to generally improve the welfare/attitude within the nation. Examples of this were the civillianm conservation corps (CCC), Tenesee valley Authority (TVA).

use of taxation to increase or decrease the monies available for investment by individuals and businesses.

to focus on the use of interest rates to increase or decrease the supply of money in the economy.

A Republican is a member or supporter of the Republican Party, one of the two major political parties in the United States. The party generally promotes conservative policies, including limited government, lower taxes, free markets, and traditional social values.

Democrat is a member or supporter of the Democratic Party, one of the two major political parties in the United States. The party generally advocates for modern liberalistic policies, including social equality, government intervention in the economy, and expanded social services

A decade in the 1920s charecterized by significant cultural, social, and economic change in the United States and other Western countries. followed World War I and was marked by economic prosperity, the rise of consumerism, and a booming stock market. also set the stage for the great depression at the end of the decade.

• use of progressive taxation
• introduce public education for productive change
• government control of important industries to fix wages
• add lots of social assistance
• Keynes wanted government intervention using monetary and fiscal policy.

The stock market is a platform where shares of publicly traded companies are bought and sold

the Post-War Consensus refers to the economic and political agreement in Western countries, particularly in the UK and the US, after World War II. It emphasized a mixed economy combining free-market capitalism with government intervention to ensure social welfare.

Deficit financing is when a government spends more money than it earns, so it borrows money to make up the difference. This can be done by selling bonds or taking loans. It allows the government to pay for things like infrastructure or social programs, even if it doesn’t have enough money right now.

OPEC, or the Organization of the Petroleum Exporting Countries, is a group of oil-producing countries that coordinate their oil production and pricing policies. They do this to ensure stable oil markets, secure and steady supply of oil to consumers, and provide fair prices to producers.

Stagflation is an economic condition characterized by stagnant economic growth, high unemployment, and high inflation occurring simultaneously.

Giving workers benefits other than money. Businesses look out for there workers and offer special services. such as optical, pensions and healthcare.

It is a state in which the economy is capitalist but the government provides social safety nets and provides policies that directly or indirectly modify the market forces to ensure economic stability.