economy

Examples of economy in the following topics:

• The "New Economy" of the 1990s

  • The "New Economy" refers to the U.S. transition from a manufacturing-based economy to a service-, information-, and technology-based economy.
  • The "New Economy" is a term used to describe the result of the transition from a manufacturing-based economy to a service-, information-, and technology-based economy.
  • A 1983 cover story in Time magazine entitled "The New Economy" described the transition from heavy industry to a new technology-based economy; by 1997, Newsweek was referring to the "New Economy" in many of its articles.
  • In the financial markets, the new economy has been associated with the "dot-com bubble."
  • In the wider economy, the term has been associated with practices such as outsourcing, business process outsourcing, and business process re-engineering.

• Peacetime Economy

  • The postwar transition to a peacetime economy saw strikes and a recession, but the economy fared much better than expected.
  • The end of World War II was followed by an uneasy transition from war to a peacetime economy.
  • However, despite these challenges, pent-up consumer demand fueled strong growth in the U.S. economy.
  • Forecasters of the time expected much worse, perhaps influenced by the poor economy in their recent lifetimes .
  • Although no recession of the post-World War II era has come anywhere near the depth of the Great Depression, this graph shows that the recession during the transition to a peacetime economy during the Truman administration was significant.

• Economic Development in the North

  • The North had a more highly-developed industrial economy that led to military success during the Civil War and sustained economic growth after the war.
  • These advantages widened rapidly during the war, as the Northern economy grew, and the Confederate territory shrank and its economy weakened.
  • The Union grew rich fighting the war, as the Confederate economy was destroyed.
  • All of these inventions contributed to the rapid expansion of the economy, especially in the North.
  • Differentiate between the economies of the North and South during the Civil War

• The Recession

  • This collapse, larger than that of 1929, was handled well by the economy, and the stock market began to quickly recover.
  • The economies of much of Europe and Japan were also hurt but not as badly.
  • The U.S. economy continued to grow as a whole, although certain sectors of the market such as energy and real estate slumped.
  • The first burst of the recession was short-lived, as fervent pre-election activity by the governments of the United States and Canada created what many economists at the time saw as an economic miracle: a growing consumer confidence and increased consumer spending almost single-handedly lifted the North American economy out of recession.
  • Some pundits guessed – wrongly, as it turned out – that this would be a permanent state of affairs and that both the German and Japanese economies would grow to be larger than America's.

• A Growing Society

  • Several factors contributed to the growth of the New England economy during the eighteenth century.
  • New England's economy grew steadily over the entire colonial era despite the lack of a staple crop that could be exported.
  • Combined with a growing urban market for farm products, these factors allowed the economy to flourish despite the lack of technological innovation.

• Hoover and the Limits of Individualism

  • Himself a libertarian, Hoover's own rugged individualism may have resulted from his frustration with the unprecedented government involvement in the economy during World War I.
  • Regarding poverty, Hoover said that "given the chance to go forward with the policies of the last eight years, we shall soon, with the help of God, be in sight of the day when poverty will be banished from this nation. " He added that "we in America today are nearer to the final triumph over poverty than ever before in the history of any land. " Mere months after Hoover made these statements, however, the Stock Market Crash of 1929 occurred, and the world's economy spiraled downward into the Great Depression.
  • Providing large-scale humanitarian efforts, Hoover feared, would injure "the initiative and enterprise of the American people. " Unfortunately, this approach had little effect, and the economy continued to suffer for years.
  • Analyze the relationship between Hoover's "rugged individualism" and his understanding of government intervention in the national economy

• Confederate Finances

  • The Southern economy was crippled during the Civil War by a self-imposed cotton embargo, Union blockades, and inflation.
  • Early in the war, the Confederate economy relied mostly on tariffs on imports and taxes on exports.
  • This powerful weapon eventually ruined the Southern economy.
  • By 1863, the Southern economy, which was completely tied to the price of cotton, had crashed, crippling the South's ability to secure any kind of European alliance or purchase badly needed war supplies.
  • These bonds, however, depreciated rapidly as the economy collapsed.

• The Plantation Economy and the Planter Class

  • A plantation economy is based on agricultural mass production, usually of a few staple products grown on large plantations such as tobacco.
  • A plantation economy is based on agricultural mass production, usually of a few staple products grown on large farms called plantations.
  • Plantation economies rely on the export of cash crops as a source of income.
  • Scale economies are also achieved by long distances to markets and reduction in the crop's size.
  • Over the years, tobacco became important to Virginia's economy, even acting as currency at times.

• The Panic of 1857

  • The Panic of 1857 was a financial crisis in the United States caused by the overexpansion of the domestic economy.
  • The Panic of 1857 was a financial crisis in the United States caused by an overexpansion of the domestic economy following an international panic over currency valuation in Britain.
  • In the aftermath of the Panic, the Southern economy suffered little while the Northern economy made a slow recovery.
  • Southerners, however, saw the temporary collapse of Northern industry as validation of the plantation economy and proof that a pro-slavery society was a superior system to wage labor and continued to push for more political concessions from Congress.
  • Examine how the panic of 1857 impacted the economy and increased sectional tension.

• Economic Stagnation

  • Jimmy Carter’s administration began with great promise, but his efforts to improve the economy through deregulation largely failed.
  • The U.S. economy, which had grown by 5% in 1976, continued to grow at a similar pace during 1977 and 1978.
  • Jimmy Carter’s administration began with great promise, but his efforts to improve the economy through deregulation largely failed.
  • Volcker succeeded, but only by first going through an unpleasant phase during which the economy slowed and unemployment rose.
  • Evaluate the ups and downs of the economy during the Carter Administration, including the effects of the energy crisis.