Part A: When we refer back to the 1970s, most people generally think of punk rock, lava lamps, and the hippie movement. However for the economy, it was a devastating economic decade of stagflation, a three day week and the return of unemployment. During this time period according to Dollar and Sense, “From the late 1940s to the early 1970s, the U.S. economy grew at an average annual rate of nearly 4%. The annual unemployment rate only exceeded 6% twice in the 25 years between 1949 and 1973. The annual inflation rate, too, only topped 6% twice, and was actually under 2% for 14 of the 25 years in this period.
The towns where the men that worked on the canal were staying were filthy and were not able to give the men a sanitary place to stay. Once he obtained the attention that was needed, water was provided for the men but it didn’t stop there. Streets were paved, houses were evacuated and cleansed, fresh food was now assessable, and modern communities were built. Research on the mosquitos was then started so they could start on finding a way to prevent yellow fever. Even though the Panama Canal caused many to suffer, today it stands high.
In the article “No Babies?” by Russell Shorto, he discusses how the population in Europe is declining drastically. He discusses how the birthrate has dropped drastically from 6.0 to 2.9 today. He discusses how the birth to death rate is very unbalanced as well, which is a result of the declining population. He takes in to consideration how the European population worldwide will decrease from 12.5% to only 5%. He discusses how it is feared that the European culture will be lost due to the fact that the majority of the European population is mainly made up of older generations and few younger.
The late 60's early 70's saw marriages in the UK grow, reaching the highest peak recorded in the history of the UK in 1972 at 480,000, however by 2001 this figure had dropped to 206,000. Along side this, the average age for first marriages rose by seven years between 1971 and 2005, where the figure reached 30 for women and 32 for males. The significant drop in marriage rates over the years is due to many factors. Firstly, the late 60's/early 70's, saw the so-called 'baby-boom' period from the 50's come into effect, after WW2 ended in the early 50's, men where coming back from war, and getting there wife's pregnant, due to not seeing each other for so long etc, this in turn meant that there was a boom period for baby's being born, the late 60's/early 70's where now seeing these baby's, who by this time where in their late teens and early twenties marrying each other at a younger age, than previous generations. This explains why there is such a peak between 1970-1980, a higher birth rate years before meant that there was a higher marriage rate, especially the record figure in 72.
(Document A) Since there was a short supply of fresh water, many colonists died of dehydration. Additionally, the document stated that waste in early Jamestown tended to cluster instead of flush away. These mishaps caused disease which eventually led to death. Another hardship the colonists had to endure was their exposure to new deadly diseases. Nearly 70 out of the 110 original colonists lost their lives by
Health care spending will grow at a rate of 6.7 per year from 2007 to 2017, and economic growth will slow to an average rate of 4.7%. The combination of these two factors will push the health care spending to 4.3 trillion by 2017 which will equal 20% of the country’s gross domestic product. The United States spends too much on health care. Researcher found that excessive spending comes from defensive medicine, such as redundant or unnecessary test and procedures, inefficient health care administration and the cost of care necessitated by conditions such as obesity. Inefficiencies in the health care system are: Behavior, clinical, and operational.
Unemployment rate has increase more that one percent since 2008 and it will continually increase. Unemployment Rate in Venezuela decreased to 7.10 percent in April of 2014 from 7.20 percent in March of 2014 (Trading Economics, 2014). Unemployment Rate in Venezuela averaged 11.10 Percent from 1999 until 2014, reaching an all time high of 20.70 Percent in February of 2003 and a record low of 5.60 Percent in December of 2013. Unemployment Rate in Venezuela is reported by the National Institute of Statistics, Venezuela (Trading Economics, 2014).
Monetary and Fiscal Policy actions will take some time to affect measurably other markets. A decline in the real Gross Domestic Product of 6.2 percent annually in quarter 4 of 2008, was reported by the Commerce Department. Most categories of final sale products contributed to the decline. Jobless trends of November and December continued in January wherein businesses trimmed 600,000 positions. Recent indicators display worsening conditions as mid January new unemployment claims have increased.
There was a Cholera outbreak in Haiti due to the lack of these two basic necessities. This was an additional strain on the health care providers with limited resources to deal with the daily health needs of the community and the issues from the earthquake. “Several agencies responding to the earthquake were quickly able to enhance health, water, sanitation and hygiene programs which were crucial to address cholera-related needs” (US State Department, 2011,
According to the U.S. Census Bureau, median household income in the United States dropped 2.3% in 2010 after accounting for inflation. Overall, median household income in the United States has declined by a total of 6.8% once you account for inflation since December 2007. Should we be excited that our incomes are going down and that a record number of Americans slipped into poverty last year? Should we be thrilled that the economic pie is shrinking and that our debt levels are exploding? All of those that claimed that the U.S. economy was recovering and that everything were going to be just fine having some explaining to do.