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Capitalism
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Capitalism

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Capitalism Presentation Transcript

  • 1. American History of…
  • 2. The Beginnings• 1919 establishment of the U.S. Federal Reserve• 1933 ban on private gold ownership in the USA (until 1974)• 1944 fixation of the dollar-gold rate• 1971 President Nixon redeemed the dollar rate of gold• 1979 oil crisis• 2008 world financial crisis
  • 3. Ronald Reagan-1937 contract with -1962 he became a RepublicanWarner Brothers for 7 years -1981 – 1989 President of the USA- 50 movies in 22 years -Reduced the taxes for top-1947 – 1952 & 1959 – 1960 companiesPresident of the SAG -halved top tax rate-1954 – 1962 his own show -loosened the dismissal lawGeneral Electric Theater- a lot of commercials
  • 4. General Electric 100,000 people laid offand has saved 20.4 billion dollars General Motors 100,000 people laid offand has saved 24,1 billion dollars AT&T 40,000 people laid offand has saved 9,6 billion dollars
  • 5. The CitigroupThe Citigroup has sent secret letters to their top 20Investors. This letter included themes like:- The future of the company- Plutonomy- The 1% problem- The problem of people wanting their rights
  • 6. Can we build a new system??? &Do we have to change the mind of our society???