The presidency of Jimmy Carter (1977-1980) attempted to “recapture a disillusioned citizenry” but was held back by Carter’s conformity to the political boundaries of the American system. While Carter’s term seemed to dig him into a hole as well as complicate matters for everyday people, the Reagan-Bush presidency “transformed the federal judiciary, never more than moderately liberal, into a predominately conservative institution,” (Zinn 574). Corporate America quickly became the greatest beneficiary of the Reagan-Bush years, and the concern for “the economy, which was a short-hand term for corporate profit” dominated any concern for the lower and middle class. All while the quality of life was degrading and the environment rotting. While Reagan-Bush did manage to enforce several Acts for the benefit of the people, with the Gulf War and other economic/environmental calamities, their presidencies seemed to leave a bitter taste in the mouths of Americans.
Johnson tackled poverty actively with his Great Society program and all the acts under it, effectively lowering the levels of needy people in the U.S.A. While Johnson’s goal of eliminating poverty did not become reality, poverty was nearly halved. (Doc. H) In the most prosperous society of the time, the programs did surprisingly much. Johnson doubled the amount of money being poured into the office of Economic Opportunity to improve the vile conditions in the Appalachian Mountain range.
Firefighters went on strike for four hours earlier this month in the first national walkout for a decade. The strike was a last resort after the government refused to accept bringing the firefighters pension down, and a warning shot that firefighters are serious about keeping a fair, safe and workable pensions scheme. Firefighters will not be fit enough to work to the retirement age of 60, The assess your level of fitness will be alot different at pension age. The government says the offer to firefighters is one of the "most generous in the public sector" and brings their pension age into line with the police and armed forces. This tells us that the economy as a whole is not taking in account of the fire service, and the risks of working till 66, there for the economy is not improving.
During the beginning of the 1930’s era, America was going through a Great Depression where more than 15 million wage earners were unemployed. President Hoover had not done much in order to try and change the crisis around which caused the Americans to hold him personally for their misery, he had believed that patience and independence would help the Americans manage through a time of homelessness, starvation and desperation. However in 1932 the Americans decided upon a new president, Franklin Delano Roosevelt, also known as FDR, who had a pledge to ensure the use of power of the federal government to make the lives of the Americans better. In this essay i shall be discussing what aspects of FDR’s life helped him understand the concerns and fears of the Americans. Firstly one of the ways that FDR was able to understand the concerns and the fears of the Americans was because of his upbringing and schooling.
By finally giving in and devaluing the pound, Labours coherent reputation and authority was damaged. The whole issue surrounding the devaluation of the pound weakened the Labour party further by causing divides within. This weakening contributed to the election defeat in 1970. Furthermore Source 2 however does show direct evidence why labour had lost the election as it states “began for me as badly as it could of done” this tells us that the day had gone badly Roy Jenkins had done a relatively okay interview which didn’t relatively well amongst the public. However in the afternoon it became apparent that the export figures were down £45 million.
Labour promised to create a New Jerusalem, a prosperous country where all strive for the better. However, Source A states that “They had disastrously overestimated Britain’s ability to export”, Britain needed to create money for itself after America’s Lend Lease policy which left Britain in debt for over 50 years, Britain was unable to export a sufficient amount of goods to provide itself with enough money to stabilize the economy, the source follows up with “underestimated her need for dollars”. Britain’s way of dealing with debt was to create more debt for itself; John Maynard Keynes went over to the United States in order to ask America for a loan without interest, the loan which was bestowed upon Britain by the United States and Canada was $9.5 billion. One of the reasons Labour was unable to create a New Jerusalem was due to the fact that they were unable to shut down the debt which anchored Britain’s economy, Labour had little funds to initiate its promises and plans, leading to the failure of a New Jerusalem. Another reason that Labour failed to build a New Jerusalem was the fact that they were unable to upkeep their promise of housing.
The bull market was when prices were rising due to automobiles; steel was selling at a record high but was going down very fast. If the bull market ended when they weren’t prepared for it, then it would of left many of those investors in debt. Because other investors, which were just mostly your day-to-day average person, saw the wealthy investors selling, they decided to do the same which caused a big fall in the stocks. No matter how hard President Herbert Hoover tried to say the economy was fine, everybody continued to sell. Then finally on October 29,1929th the stock market crashed, because no one was buying and this directly led to the Great Depression.
BP otherwise known as British Petroleum started out in 1909 as the Anglo-Persian Oil Company, by 1914 the oil company was struggling and facing bankruptcy until Winston Churchill persuaded the British government to purchase 51 percent of the oil company to have a dedicated oil supply for its country as a whole. Once again after Great Britain sold its part of the company in the late 1970’s leaving BP close to bankruptcy. By 1992 BP lost about 811 million dollars causing them to take cost cutting measures. British Petroleum faced issues when it came to its organization structure, strategy, decision making with closing the Macondo Well, safety among the BP refineries within the United States, and how BP handled the Deepwater Horizon disaster. As things seemed as an all time low for BP in 1992 by the mid 1990’s BP got a new CEO who started to make changes starting with a new aggressive growth strategy.
Many banks declared bankruptcies because they could not get back their money from stock investors. Thousands of banks failed to keep the money from flowing to the market that resulted in a widening circle of bankruptcies and job layoffs.Democrat Franklin D. Roosevelt won the presidential election by a landslide over Herbert Hoover in November 1932 and was inaugurated the following March. He had the first presidential speech when “the stock market was down eighty percent from its 1929 high, almost half the banks had failed, the GDP was down fifty percent, and unemployment stood at twenty five percent” (79). Franklin D. Roosevelt expressed the problems that Americans needed to overcome, and gave out the New Deal programs started from1933 to 1939 that were successful in addressing the Great Depression. The first phase of the New Dealwas called relief that helped millions of suffering Americans as soon as possible.
Herbert Hoover, unlucky in entering The White House only eight months before the stock market crash, had struggled tirelessly, but ineffectively, to set the wheels of industry in motion again. His Democratic opponent, Franklin D. Roosevelt, already popular as the governor of New York during the developing crisis, argued that the Depression stemmed from the U.S. economy's underlying flaws, which had been aggravated by Republican policies during the 1920s. President Hoover replied that the economy was fundamentally sound, but had been shaken by the repercussions of a worldwide depression -- whose causes could be traced back to the war. Behind this argument lay a clear implication: Hoover had to depend largely on natural processes of recovery, while Roosevelt was prepared to use the federal government's authority for bold experimental