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How Did The 1970 Affect The Economy Of 1970

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The 1970 's negatively affected the US economy for a multitude of reasons but most importantly due to US foreign policy and the spread of communism in Asia. With tensions between the democratic US and the communist USSR rising each day, the US devoted large amounts of resources and money into the containment of communism in specifically eastern Asia. Examples of this would be the Vietnam war which lasted from 1965-75. This was a war that the US entered in order to help South Vietnam defeat North Vietnam. This was a long lasting and very expensive war that the US and South Vietnamese forces eventually lost. This proved detrimental to US economy because all of the money and resources put into the war were lost and it left the US economy in a
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The cost of America’s involvement in WWI left the national budget with a deficit of over 24 billion dollars. This huge deficit effected the budget

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Kostandin Valle Mr. Zoellner English Language Arts II 26 August 2015 The Devastating Effects of the Great Depression Throughout life, many people go through some type of devastating or traumatic event that can change their lives forever. For the American people of the early to mid 1930’s, the Great Depression was one of these events. The Great Depression caused a major impact on all of America and affected the economy, the government, as well as the personal life of many Americans.

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The stock market crashed and made the bank panic for money(Dewald 249). That is a problem because, they have no money to spend. The goods made the U.S.A. run

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During this time Nixon was running for presidency and was running on a campaign that promised a return of more “conservative social and economic policies and a restoration of law and order”(Brinkley 741). He was voted into office, and by the year 1973 he had abolished the Office of Economic Opportunity. By the early 1970’s the United States was starting to see “long-term transformation of the American Economy”(Brinkley 745). During the 1970’s the United States was starting to experience extreme rises in inflations because of the end of cheap raw materials. During this time the cost of living rose by up to 15 percent (Brinkley).

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The United States went through many events from 1940 to 1970. A lot of these events significantly changed the economy in the United States. These events led to changes in our economy, social structure and American culture as a whole. In the years between 1940 and 1970 America experienced an economic and technological boom because of increased production, increased government involvement and the change in working culture.

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This is later blamed to be one of the key factor that led to the devastating stock market crash in 1929. In the aftermath of this event, the economy

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This not only affected America’s economy, it affected the entire world’s economy (About the Great Depression). The

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The Great Depression of the 1930s was a global event that derived in part from events in the United States and U.S. financial policies. As it lingered through the decade, it influenced U.S. foreign policies in such a way that the United States Government became even more isolationist. The economic situation created serious problems in America 's relations with Europe, and Japan launched a campaign of aggression in northeastern China. Hoover failed in his efforts to solve America 's economic troubles. He and most other Americans however would fail to understand the long-term importance of the forces gaining control in Germany and Japan.

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In the early 1870’s, Germany stopped making silver-backed Deutschmarks, backing all of their currency to gold. This decreased the price of silver worldwide. In 1873 U.S. congress followed Germany’s example and passed the Coinage Act, which gradually took all silver-backed currency out of circulation. The U.S. Treasury produced $26 million dollars of greenbacks, the economic effect was a decrease in capital available to all investors. Access to currency and credit was cut off greatly, causing interest rates to skyrocket.

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This capitalist ideology flourished in the US for the next 25 years. However this can to crashing end in 1973. 1973 saw the US enter into a recession, although not a catastrophic as the Great Depression. The recession did however burst the bubble in the US had been living in. US manufacturing had gradually declining due to innovations by countries like Germany and Japan (Green, 2013).

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The Early 1930’s was a dismal time for America. The people were living in horrible conditions. There seemed like there was no hope for America any more. Three problems that caused or worsened the Great Depression were increased tariffs, low wages, and the Stock Market Crash. First, tariffs worsened the Great Depression because increased taxes made it harder for people to buy products from out of country.

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Home The Great Depression:A Conflict Over An Economic Downfall THE GREAT DEPRESSION CAUSED EXTREME POVERTY AND JOB LOSS THROUGHOUT AMERICA DURING THE 1930'S. THIS ECONOMIC DOWNFALL LED TO THE ABANDONMENT OF THE GOLD STANDARD, FDR'S NEW DEAL PROGRAMS, AND AN INCREASED SIZE OF THE FEDERAL GOVERNMENT. ALTHOUGH THESE METHODS HELPED COMBAT THE DEPRESSION THE UNITED STATES WOULD NOT GET OUT OF THE DEPRESSION UNTIL WWII.Sophia Bosi Junior Division Individual Website Total Words On Website:1,035 words Process Paper: 367 words Before the Depression The government before the Depression Before the Great Depression, the average American had little contact with the federal government besides the post office. The policies and actions of the Federal government

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The economic impact of the war as is true in most if not all cases of war are that the spoils of war are the reward of the victors. The South was already in a weaker position in the industrial strength of its geographical coalition that it was amazing that they were as close to actually succeeding in their mission. They lacked the ability to replenish their troops with guns and ammunition and in many cases had to gather this gear from failed Confederate and Union soldiers. While in the north with a large population and a more sustained economy they were to accomplish the

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In 1971, United States imported more goods than it exported. It was the end of golden age for United States when this inflation and high unemployment came through. During 1970s, America went through both high inflation and unemployment at the same time. During 1970s because of support of Israel in its war with Egypt, Arab countries that exported oil shut down its sail to United States. This caused rise of oil price, therefore gasoline price doubles and other products.

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This led to a domino effect and eventually the world was waging wars against each other. Becoming the first World War. But if I were there by time travel to stop the grenade attack the world war might not have been waged or even if it did it would have been fought differently leaving my hometown the U.S alone. But this would make a drastic problem for the U.S because of the economic crisis the country had built. The war brought the U.S out of the Great Depression so without the war the U.S would have economically failed.

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