economic prosperity
(noun)
Economic prosperity is the state of flourishing, thriving, good fortune in regards to wealth.
Examples of economic prosperity in the following topics:
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Economic Prosperity
- Economic prosperity is necessary to achieve foreign policy goals, and despite the 2008 recession, the U.S. economy is still powerful.
- Technological and industrial factors have also played a major role in the United States' economic prosperity .
- Economic prosperity is a central component of any states' foreign policy.
- Similarly, economic prosperity is tied to the maintenance of a global military presence.
- One of the reasons for the United State's economic prosperity is the abundance of natural resources, such as oil.
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The Goals of Economic Policy
- There are four major goals of economic policy: stable markets, economic prosperity, business development and protecting employment.
- Economic policy refers to the actions that governments take in the economic field.
- Policy is generally directed to achieve four major goals: stabilizing markets, promoting economic prosperity, ensuring business development, and promoting employment.
- One of the major goals of economic policy is to promote economic growth.
- Compare and contrast the policy tools used by governments to achieve economic growth
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Political Ideology
- The ideological position a person or party takes may be described in terms of what kinds of social and economic policies they would like to see implemented.
- American conservatism commonly refers to a combination of economic liberalism and social conservatism and to an extent, libertarianism.
- Even though liberals as a whole tend to be the most educated ideological demographic (as indicated by Pew research), moderates tend to become increasingly conservative with increased economic prosperity, causing the professional class to be split between Republicans and Democrats.
- Libertarians commonly hold liberal views on social issues but conservative views on economic issues.
- Within the left are the largely secular and anti-war "Liberals", the socially conservative but economically left "Conservative Democrats", and the economically "Disadvantaged Democrats" who favor extended government assistance to the needy.
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Foreign Policy After the Cold War
- The United States mostly scaled back its foreign policy budget as well as its cold war defense budget during the 1990s, which amounted to 6.5% of GDP while focusing on domestic economic prosperity under President Clinton, who succeeded in achieving a budget surplus for 1999 and 2000.
- While the United States remains a strong power economically and militarily, rising nations such as China, India, Brazil, and Russia as well as a united Europe have challenged its dominance.
- Foreign policy analysts such as Nina Harchigian suggest that the six emerging big powers share common concerns: free trade, economic growth, prevention of terrorism, and efforts to stymie nuclear proliferation.
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National Security Policy
- This security is guaranteed through the use of economic coercion, diplomacy, political power, and the projection of power.
- A strong, innovative U.S. economy in an open international economic system that promotes opportunity and prosperity
- Economic security is also a part of national security.
- Economic security today is, arguably, as important a part of national security as military security.
- For a nation to be able to develop its industry and maintain economic competitiveness, it must have available and affordable natural resources.
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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.
- 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.
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The Golden Age: 1860–1932
- Despite outward indicators of prosperity, the Gilded Age (late 1860s to 1896) was an era characterized by turmoil and political contention.
- Furthermore, most of the growth and prosperity came in the North and West - states that had been part of the Union.
- States in the South, part of the defeated Confederate States of America, remained economically devastated; their economies became increasingly tied to cotton and tobacco production, which suffered low prices.
- The Democrats and Republicans fought over control of offices as well as major economic issues.
- Describe major economic and political developments during the "Gilded Age" of American history and identify what led to these developments
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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.
- Marxian economics descends directly from the work of Karl Marx and Friedrich Engels.
- A final school of economic thought, the Chicago School of economics, is best known for its free market advocacy and monetarist ideas.
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Business and Economic Interest Groups
- Economic interest groups advocate for the economic benefit of their members, and business interests groups are a prominent type of economic interest group.
- Economic interest groups are one of the five broad categories of interest groups in the US.
- These groups advocate for the economic interest and benefits of their members.
- Economic interest groups are varied, and for any given issue there will be a large number of competing interest groups.
- Identify the organization and purpose of business and economic interest groups
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Economic Aid and Sanctions
- States can give economic aid to help another country, or implement economic sanctions to try and force another country to change policies.
- Economic sanctions are domestic penalties applied by one country or group of countries on another for a variety of reasons.
- Economic sanctions include, but are not limited to, tariffs, trade barriers, import duties, and import or export quotas.
- States can give economic aid to help another country's economic development.
- Analyze criticisms of the institutions, practices and policies of economic aid