Price controls below market rates, like the record low prices in the interest rates for mortgages, hold down monetary reduction will result in inflation. Thus, making it much more difficult to restore a healthy and sustain economic growth. According to the National Bureau of Economic Research a recession is defined as “ a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real gross domestic product (GDP), real income, employment, industrial production and wholesale-retail sales” (What causes a recession? , 2011). Prices rice when government prints too much money.
His attempt to slow the flow of North Vietnamese soldiers and supplies into South Vietnam by sending American forces to destroy Communist supply bases in Cambodia in 1970 in violation of Cambodian neutrality provoked antiwar protests on the nation’s college campuses. From 1968 to 1973 efforts were made to end the conflict through diplomacy. In January 1973, an agreement reached and U.S. forces were withdrawn from Vietnam and U.S. prisoners of war were released. In April 1975, South Vietnam surrendered to the North and Vietnam was reunited.” Still to this day people will argue the relevancy of the Vietnam War as well as the impact in which it had on America and its people. Citing: Mintz, S. (2007).
As a consequence of the heavy United States bombing of the North, industries were dismantled and moved to remote areas. Young men were conscripted into the army and their places in fields and factories were filled by women, who also served in home defense and antiaircraft units. Such measures were very effective in countering the impact of the bombing on the North's war effort. The Johnson administration, however, showed no sign of willingness to change its bombing strategy or to lessen its war effort. During this difficult period, the communists returned to protracted guerrilla warfare and political struggle.
Suddenly the war was brought home. The massacre led to the climax of the anti-war protests. It amplified the statements against the decision of U.S. President, Richard Nixon to invade Cambodia, ultimately ending his administration. The Kent State massacre that occurred on May 4th, 1970, triggered a change in America politically, historically, and culturally. Kent State University was placed in an international spotlight after the tragic end to an anti-war demonstration.
President Nixon’s actions caused import prices to rise such as removing the U.S. from gold standard. Stagflation made the financial lives of business and individuals very difficult during the 1970s. http://useconomy.about.com/od/glossary/g/stagflation.htm The Iranian Hostage Crisis On November, 1979, a group of Iranian students stormed the U.S. embassy in Tehran and took over 60 Americans hostage as a result of the U.S. allowing the expelled Shah of Iran to enter the U.S. to receive cancer treatment. It was also to raise awareness of the group’s leader Ayatollah Ruhollah Khomeini. The group was also displeased with U.S. involvement in Iranian affairs, particularly fuel.
The status and role of the elderly in the future will increase because the birthrate has dropped to an all-time low. b. There will be an elderly revolution, termed the “silver-haired rebellion,” which will place much of the lost power and status back into the hands of the older segment of society. c. As the rate of technological change accelerates, knowledge quickly becomes obsolete, and this decreases the status and role of the elderly (they are no longer the storage houses of technological knowledge; libraries and databanks have taken over this role). d. In the future, there will be a major reorganization of kinship and the family, which will restore power to the elderly.
Therefore persons in economic families are doing well compared to how they were in 1989. It is pretty clear that the economy of Canada is developing. This would not be the case if poverty had increased during the past twenty years. Poverty still exists, no doubt about that but it will continue to decline if Canada continues to improve its economic situation. Poverty still exists for many reasons such as people in poor class work as much as other full-time workers, but jobs are much worse and the workers are paid lesser amounts (Fetner, 2009).
The Vietnam War was the first war to be aired on the evening news. Because of the new technology, Americans were able to actually see what was happening to their troops and they were not supportive at all. The nation was already panicking over the draft, and when they were able to see what really happened in Vietnam, protesting started all over. One large protest was at Kent State University in Kent, Ohio on May 4, 1970. It involved the shooting of unarmed college students by the Ohio National Guard, who fired 67 rounds over a period of 13 seconds, killing four students and wounding nine others.
Survey Paper Jerry Hernandez Res/241 November 4, 2011 Mrs. Madrigal Gonzales Abstract The main purpose of this paper is a give a thought of why the American government, have not yet put the American workers back to the positions and payroll that the foundation of this country deserves. Research of this paper is to analyze which industries are being affected today and what we can do to make the wages and workforce better. Survey Paper The purpose of this paper is to research the reason or reasons the wages in America have gotten worse. Median household income, is up for inflation, has been affected even more now than before the recession began. Researches blame low-wages to high unemployment and slow economic growth.
( Anna Quindlen, 317 ). “ The incomes of low- income families has declined as rent continues to rise”. ( National Low Income Housing Coalition, 2005 ). Housing assistance can make a difference between stable housing, or no housing at all. However, the demand for assisted housing exceeds the supply.