economic depression

Examples of economic depression in the following topics:

• The Great Depression and the New Deal

  • The New Deal was a series of economic programs enacted in the United States between 1933 and 1936 in response to the Great Depression.
  • The Great Depression was a severe worldwide economic depression in the decade preceding World War II.
  • It was the longest, most widespread, and deepest depression of the 20th century.
  • The New Deal was a series of economic programs enacted in the United States between 1933 and 1936.
  • Describe the Great Depression, the Roosevelt administration's economic response to it in the New Deal, and its lasting effects

• Trade

  • While international trade has been practiced throughout much of history, its economic, social, and political importance have become increasingly relevant in recent times, mainly due to industrialization, advanced transportation, globalization, the growth of multinational corporations, and outsourcing .
  • The agreement was intended to prevent national trade barriers that could create global economic depressions.
  • The political basis for the Bretton Woods Agreement was in the confluence of two key conditions: the shared experiences of the Great Depression, and the concentration of power in a small number of states which was further enhanced by the exclusion of a number of important nations due to ongoing war.
  • Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities.
  • Issues currently associated with international trade are: intellectual property rights, in that creations of the mind for which exclusive rights are recognized in law are considered essential for economic growth; smuggling, especially as it relates to human and drug trafficking; outsourcing, the contracting out of business processes to another country, generally one with lower wages; fair trade, which promotes the use of labor, environmental, and social standards for the production of commodities; and trade sanctions, in which punitive economic measures are taken against a defaulting country.

• The New Deal

  • The New Deal was a series of economic programs enacted between 1933-1936 in response to the Great Depression.
  • The New Deal was a series of economic programs enacted in the U.S. between 1933 and 1936 that involved presidential executive orders passed by Congress during the first term of President Franklin D.
  • The programs were a response to the Great Depression.
  • Roosevelt entered office with no specific set of plans for dealing with the Great Depression.
  • The First New Deal dealt with diverse groups that needed help for economic survival, from banking and railroads to industry and farming.

• Fours Schools of Economic Thought: Classical, Marxian, Keynesian, and the Chicago School.

  • Mainstream modern economics can be broken down into four schools of economic thought: classical, Marxian, Keynesian, and the Chicago School.
  • Mainstream modern economics can be broken down into four schools of economic thought:
  • Classical economics, also called classical political economy, was the original form of mainstream economics in the 18th and 19th centuries.
  • A final school of economic thought, the Chicago School of economics, is best known for its free market advocacy and monetarist ideas.
  • Ben Bernanke, current Chairman of the Federal Reserve, is among the significant public economists today that generally accepts Friedman's analysis of the causes of the Great Depression.

• Politics and the Great Recession of 2008

  • The 2008–2012 global recession is a massive global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008.
  • No economic recession since The Great Depression of the 1930s has affected economic input, production and circulation of capital like the current global recession.
  • Hundreds of thousands protested in France against President Sarkozy's economic policies.
  • Communists in Moscow also rallied to protest the Russian government's economic plans.
  • In 2012 the economic difficulties in Spain have caused support for secession movements to increase.

• Income Security Policy

  • The approach to economic policy in the United States was rather laissez-faire until the Great Depression.
  • The government tried to stay away from economic matters as much as possible and hoped that a balanced budget would be maintained.
  • The Great Depression struck countries in the late 1920s and continued throughout the entire 1930s.
  • In an attempt to fix these economic problems, the United States federal government passed a series of costly economic stimulus and bailout packages.
  • Analyze the transformation of American fiscal policy in the years of the Great Depression and World War II

• Social Regulation

  • With regard to economic policy, regulations may include central planning of the economy, remedying market failure, enriching well-connected firms, or benefiting politicians.
  • Other forms of regulation and deregulation came in waves: the deregulation of big business in the Gilded Age, which led to President Theodore Roosevelt's trust busting from 1901 to 1909; more deregulation and Laissez-Faire economics in the 1920's, which was followed by the Great Depression and intense governmental regulation under Franklin Roosevelt's New Deal; and President Ronald Reagan's deregulation of business in the 1980s.

• The Progressive Era

  • The Progressive Era was one of general prosperity after the Panic of 1893; a severe depression that ended in 1897.
  • The Progressive Era was one of general prosperity after the Panic of 1893; a severe depression that ended in 1897.
  • This attitude started to change during the depression of the 1890's when small business, farm, and labor movements began asking the government to intercede on their behalf.
  • When Democrat Woodrow Wilson was elected President with a Democratic Congress in 1912, he implemented a series of progressive policies in economics.
  • Discuss the economic policies of the Progressive Era in the United States.

• Promoting Public Welfare and Income Redistribution

  • Roosevelt's response to the Great Depression.
  • President Roosevelt's program was called the New Deal and is partially credited with lifting America out of the Great Depression.
  • President Johnson's programs weren't in response to economic decline, but rather solely sought to improve the welfare of the American public.
  • President Johnson sought to improve racial and economic equality.

• Major Life and Political Events

  • Studies of political partisanship have found that partisanship is strongest when both parents have the same political loyalties, these loyalties are strong, both parents have similarly strong party loyalties, and parental partisanship accords with socio-economic status (for example, the wealthy are Republicans or the poor are Labour supporters).
  • Party identification seemed strongly affected by certain formative generational events, such as the Civil War, the Great Depression or the social upheaval of the 1960s.
  • Conceding that major "shocks" such as the Great Depression could realign or dealign partisanship, some scholars reasoned that a series of smaller shocks over time could also dramatically influence the direction and strength of partisanship.