Capitalism

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Capitalism

  1. 1. American History of…
  2. 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. 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. 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. 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. 6. Can we build a new system??? &Do we have to change the mind of our society???

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