Government And The Economy

484 views
358 views

Published on

Published in: Business, Economy & Finance
0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
484
On SlideShare
0
From Embeds
0
Number of Embeds
27
Actions
Shares
0
Downloads
4
Comments
0
Likes
3
Embeds 0
No embeds

No notes for slide

Government And The Economy

  1. 1. Government and the Economy Objective: What: Cover the government’s role in the economy How: By guided note taking and PowerPoint presentation
  2. 2. The Government’s Role <ul><li>Government’s role is to be a referee in a Free Enterprise system </li></ul><ul><li>Government makes sure everyone plays faire and follows the same rules </li></ul>
  3. 3. History of Regulation <ul><li>Big Business first appeared in the U.S. in the late 1800’s and early 1900’s </li></ul><ul><li>Railroads and Steel making were huge </li></ul><ul><li>They became so powerful they could fix prices (monopoly) </li></ul>
  4. 4. History of Regulation <ul><li>In 1890 the U.S. passed the Sherman Antitrust Act </li></ul><ul><li>This made monopolies against the law </li></ul><ul><li>Next government set rules on how business can treat its workers </li></ul><ul><li>Established a minimum wage </li></ul>
  5. 5. History of Regulation <ul><li>Established environmental laws to force companies to clean up their messes </li></ul>
  6. 6. Protection of Customers <ul><li>Is the governments central role </li></ul><ul><li>Many government agencies exist to do this </li></ul><ul><li>Food and Drug Administration </li></ul><ul><li>Consumer Product Safety Commission </li></ul><ul><li>Federal Deposit Insurance Corp. </li></ul><ul><li>Securities and Exchange Commission </li></ul>
  7. 7. Public Goods <ul><li>Some goods and services cannot be provided by the private sector </li></ul><ul><li>Public goods and services provided by the government </li></ul><ul><li>Roads, Schools, Dams, Bridges </li></ul><ul><li>Services provided </li></ul><ul><li>Police, Fire, EMS, Army, Navy, Marine Corp, Air Force </li></ul>
  8. 8. Promoting Economic Well-Being <ul><li>Promote the general welfare </li></ul><ul><li>Economic Health of the Nation </li></ul><ul><li>Strong Businesses </li></ul><ul><li>Strong Banking </li></ul><ul><li>Fair Competition </li></ul><ul><li>The Health of the Worker </li></ul><ul><li>Provide aid to people in need </li></ul><ul><li>Job training, College assistance </li></ul>

×