With the policy of abandoning consensus and monetarism, inflation dropped at the price of job losses. Unemployment rate rose year after year in 1980. There were serious riots in Bristol, Manchester and Liverpool. The reason why Thatcher regained her reputation was due to the Falklands War. It provided her with an opportunity, which nobody could have foreseen, least of all herself; to reveal a facet of her character that otherwise would
Perhaps the worst economic downturn in the history of the United States occurred from 1930-1939. The Great Depression led to domestic and international crises effecting the poor and wealthy alike. Many financial experts today continue to debate the cause of The Depression, although most agree that several events led to the economic decline. The famous stock market crash on October 29, 1929 is just one of many causes economists believe led to The Great Depression. Known also as Black Tuesday, October 29th left stockholders shattered with recorded losses reaching $40 billion dollars (Kelly, n.d.).
Wilson and not heath was responsible for a decade of decline and economic failure. (45 marks) Wilson and Heath’s time in office was to begin with optimism both hoping for promising change and attempting to modernise Britain and try and catch up with industrial rivals. Whether it was through a ‘white heat’ or ‘quiet’ revolution, both PM’s promises however never lived up to their expectation, the previous governments had badly hindered the economy for both Wilson and Heath and as a result during their 10 collective years in power resulted in economic decline, instead of promised transformation and advancement of Britain. It is arguable that much of the responsibility of the economic decline in this period could be seen to be Wilson. During
The truce was broken by the Athenians only ten years after it was signed because the empire looked to expand. In 433 BC Athens allied with Corcyra, who was a colony of Corinth, who was an ally of Sparta. This event is the main event that started the war in 431. Athens was accused of assault and Sparta threatened with war. Under Pericles leadership, Athens refused to back down and this war started.
The nation went through a deep recession throughout 1982. Business bankruptcies rose 50 percent over the previous year. The farmers where really hit hard, as agriculture exports declined, the crop prices dropped, and interest rates increased. By the time 1983 came around, inflammation was down. The economy had come back and the United States began a time of economic growth. There was a horrible event for the economy in the 1980’s.
‘We in America today are nearer to the final triumph over poverty than ever before in the history of any land.’ This was said by New republican president, Herbert Hoover, in 1928. However it was not true, for within a year, America had lost all confidence and it had fallen into the depths of depression. The Great Depression was an economic crisis which started with the crash of the Wall Street stock markets in 1929. It was a tragedy which affected all areas of American life. It caused unemployment rates to rise, reaching as high as 25%.
Although our relations with America did improve, and have later proved to be very important, missing out on Europe was a major mistake. This has had an impact on many later governments, and ultimately towards the formation of the European Union. However, even though I see the years as being wasted, it can’t be denied that the 3 successive election victories the Conservatives had were impressive, and show that they did have popular support. Although unemployment remained low, house building increased, and Britons had ‘never had it so good’, I think that the mistakes outweigh these positives and the period can certainly be described as ‘thirteen wasted
This law shows the flaw of Athens and its democracy based government because it infringed on the freedom of speech that most democracies have. The Assembly was made up of all men that were eligible to serve on the council. The Life in Athens may have been sophisticated and nimble. This made Athens a target to other countries since they thought that Athens was a week country. If Athens had more of a military based government then they wouldn’t have been attacked as many of times and maybe never lost their power in Ancient
The widespread prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The depression threatened people's jobs, savings, and even their homes and farms. At the depths of the depression, over one-quarter of the American workforce was out of work. For many Americans, these were hard times. The New Deal, as the first two terms of Franklin Delano Roosevelt's presidency were called, became a time of hope and optimism.
The September 11, 2001, attacks on the World Trade Center in New York City and the Pentagon in northern Virginia changed the American political landscape. The attacks resulted in 3,030 deaths and 2,337 people were injured. Moreover, 343 firefighters and 75 police officers were killed while responding to the aftermath of the attacks. The tragedy had a significant impact on politics. National security and the threat of terrorism became the most prominent issues in American politics and did not subside as the preeminent issues until 2008, when the country entered into a deep recession.