The United States Economy And The Optimism Of The American...

The United States Economy And The Optimism Of The American...
The United States Economy and the Optimism of the American People The U.S. economy appears
to be on track for a sustainable recovery from one of the biggest economic problems in history, the
Great Recession. Unemployment and inflation are both down from where they had been and things
have shifted towards recovery. Inflation is likely to remain in an acceptable zone, but policymakers
must be vigilant concerning inflation expectations. Employment has recovered slowly but surely as
well. Uncertainty/Fear appears to be growing among American, particularly with the unrest in the
Middle East, but studies are showing that faith in economists (and the Fed leaders) among citizens is
growing rapidly. Due to the uncertainty, flexibility is ... Show more content on Helpwriting.net ...
Thanks to his efforts and those of many others, our economy is significantly stronger today and
continues to improve. As mentioned, the U.S. economy has seen a positive shift in the last few
years. According to Janet Yellen (the Chairman of the Fed), "the private sector has created 7.8
million jobs since the post–crisis low for employment in 2010." Additionally, housing seems to have
turned a corner in which construction, home prices are all up significantly, and as I mentioned
earlier, housing was a large sector that was impacted during the Great Recession and the loss was
staggering ("The U.S. Economy"). Another area that we are seeing tremendous growth is within the
auto industry. The auto industry has made an incredible comeback with domestic production and
sales back to near pre Great Recession levels. Our economy today is showing the unemployment
levels down from a peak of ten percent, and has reached the point of full employment once again.
According to Jared Bernstein of the New York Times, "Last month the national unemployment rate
fell from 5.9 to 5.8 percent" thus showing that we are back to full employment according to what I
have been taught in class, though I am finding some dispute over what numbers should be
considered full employment. Nevertheless, our economy is showing a real growth in helping fellow
Americans get back to work. In addition to unemployment decreasing we are also seeing a decrease
in inflation. According
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Financial Crisis And Its Effects On American Economy Essay
A financial crisis involves the value of financial institutions or assets dropping rapidly. It is often
associated with a panic on the banks causing investors to sell off assets or withdraw money from
savings accounts. This is the result of concern that the value of those assets will drop if left at the
financial institution. As the crisis intensifies there is a significant change in the amount of risk that
world financial markets are willing and able to accept. This results in easy credit conditions
becoming a situation of tight credit and is accompanied by reduced consumer and business
confidence. According to experts, credit is the most vital piece to a successful economy. Consumers
and businesses rely on credit to make large purchases. In recent years, the American economy has
experienced the most severe global financial crisis since the Great Depression of the 1930's.
Unemployment rates rose, and stock and housing markets tumbled. These combined had dramatic
effects on American households. Global Financial Crisis Effects When sky–high home prices in the
United States turned downward, the entire United States financial sector and financial markets
overseas faced its most dangerous crisis since the Great Depression. It all began when mortgage
dealers loaned home loans to families that did not qualify for ordinary home loans. The terms of
these loans were unfavorable the borrowers. These subprime mortgages may have started with low
interest rates

American Economy Vs Mixed Economy Essay
Have you ever wondered what it would be like living in another country? Having different prices for
the same item? Economics is the branch of knowledge intrigued with the production, consumption,
and transfer of wealth in different countries around the world. Different economics have separate
branches with good things, bad things and my opinion.
In a market economy, there are good and bad aspects of having your country run off of the
consumers' prices of goods. A market economy is an economic system where decisions of prices and
goods are sorted out by the public. In a country such as the USA, they have a market economy; their
prices of goods are based off of competition and not the government. A market economy is driven
by supply and demand ... Show more content on Helpwriting.net ...
Relating to the mixed economy and market economy the right decision would have to be no. On an
economic standpoint i feel that the USA and Canada should stay where they are on the spectrum.
Most canadian citizens are happy where canada in the mixed economy that is set right now. Canada
is known to be one of the more wealthy countries so why change it. While 2017 is still in its start the
news detects that jobs and income could be better than it was last year. The American economy is
much different as taxes and minimum wage is much lower. The minimum wage people make in the
united states is much lower than the minimum wage in canada, by 4 dollars. Supply and demand of
sales are steady and at a good rate in the USA but tend to be an expensive outcome. In the USA the
scarcity levels can increase greater than the canadians because of the market system the the
americans have developed. Having limited government involvement is a risky path but my belief is
to keep it the same. Government intervention allows the equality of wealth and opportunities to
skyrocket. Markets fail to take into account externalities and are likely to under produce many
public goods.The law of diminishing returns states that as income increases, there is a lesser
marginal utility. The canadian economy is in a good path and should not direct towards the right side
of economy, joining the united

American Economy After Civil War
The transformation of the American economy after the Civil War consisted of numerous factors. The
economy rose with the help of technological innovations, new business methods, government
interventions, new industries, different leaders, and enough raw materials to provide some industries
free of cost. Before the Civil War, the North's industrial economy was booming, as opposed to the
South's economy which was based on agriculture. Fallowing the Civil War, the 13th Amendment
passed which ended slavery but also created complications in the South's major work force.
President Johnson's plan for reconstruction favored most Southern whites and put African
Americans at a disadvantage. Many emigrated to the North, and others worked as sharecroppers.
Sharecropping gave Southern white planters a big advantage over former slaves with its new form
of labor but it ultimately helped them recovered from the war. Agriculture flourished in the South
once again, and it expanded to the west. ... Show more content on Helpwriting.net ...
The construction of the railroads helped various companies grow and create wealth but not without
the help of the government. Big business benefited from protective tariffs, grants of lands, and
abundant natural resources. Although this governmental intervention contradicts the philosophy of
laissez–faire; there was little opposition from the companies aside from trying to regulate their
businesses. They were very pleased when the government interfered on their behalf. The railroad
helped create new markets in the west like farming, mining, and cattle were among the western
industries that had the greatest impact. With more immigration to the west the animosity grew
between new settlers and Native Americans. The government tried to interfere by passing different
Acts but

Impact Of The American Auto Industry On The Economy
Several factors have affected how the American auto industry now positions itself on the world
market, and big changes have been made to reflect this new direction. The introduction of new
technologies in vehicles, the growing market for cars in new developing markets, the impact of the
industry on the environment, legislative responses and demands, as well as the increased
expectations from consumers, are some of the factors. More international cars are being designed,
manufactured and bought by American consumers and exported to foreign markets today than those
exclusively manufactured by American companies, redefining the American auto industry, while
having a positive impact on its economy. International brands accounted for 45% of total sales in the
U.S. in 2013 and have now risen to 59% of the market, and continue to grow. While the amount of
American cars has decreased in the local U.S. market share to international ones, the increase of
foreign car production on U.S. soil has had the effect of creating new jobs for Americans both in the
auto industry as well as in related new industries. The industry has seen huge growth numbers in the
last few years with more growth expected.
The automotive industry is the 3rd largest worldwide in research and development with Ford and
General Motors leading with billions in investments. The increased access to data and information
has been significant, and new technologies have also ushered in a new era with electronics which
now

The Contributions Of Immigrants From The American Economy
The Contributions of Immigrants to the American Economy
The United states is made up of immigrant from different religious, social, cultural and economic
background around the world.In the big cities like New york and Los Angeles, there is a higher
percentage of immigrant who are all making a massive impact on the American economy. Today, the
issue of Immigration has become a major topic of discussion in America.
The immigrants populace contribute a greater share of the total American population. As the year
goes by, the percentage of Immigrants keeps on increasing by a higher margin of growth. . "The
United state immigrant population was 38,517,234, or 12.5 percent of the total U.S. population.
The number of foreign born living in the United States increased by 1.5 percent (about 556,000
people) between 2008 and 2009" ( The Census Bureau 's 2009 American Community Survey,).
This shows how the growth margin of immigrants in America keeps on increasing each and
everyday. However, can we then ask ourselves about what contribution immigrants make on the
American economy? The existence of immigrants in the United states has led to a massive
development of our culture, economy, technology and our education.
The first to talk about is Culture: In the issue of culture, immigrants play a significant role of
bringing diversities to the American culture. Though immigrants may not have all the creative skills
and the artistic skill for developing the American culture, their impact on

The Positive Fiscal Influence Of Gambling On The American...
The Light of a Perceived Dark Passtime
The positive fiscal influence of gambling on the American economy, both locally and at the federal
level, minimizes its negative aspects. The advantages of gambling are numerous and the revenue
gained lends aid to a diverse group of programs from education to infrastructure. With advances in
technology gambling is more lucrative than ever and is a source of jobs for millions of people as
well as major source of income for the nation's Native American tribes. Major tourist destinations
such as Atlantic City N.J and Las Vegas N.V owe their success to gambling. Lotteries which are
another form of Gambling are held on the state level and add millions of dollars into the state 's
education programs ... Show more content on Helpwriting.net ...
On average 41,126,512 people visit Las Vegas per year which resulted in 9.6 billion dollars earned
in 2014 ( Las Vegas Stats and Facts). The lore of gambling has made Las Vegas one of the top ten
most visited places in the United States ( Las Vegas Stats and Facts). Atlantic City is the gambling
capitol of the east. Over 30,000,000 people visit the historic city's eight major casinos located on the
scenic Jersey shore (ferris). In 2011 Atlantic City ,which has dubbed itself AC, made 3.3 billion
dollars which resulted in over 300 million dollars in taxes going to the state of New Jersey (ferris).
These funds help to keep New Jerseys taxes from rising even higher and also help pay for much
needed improvements in the state.
Gambling Creates Government Revenue Gambling creates revenue for both the State and Federal
governments which is then used for beneficial programs. Gambling directly results in eight billion
dollars of federal revenue annually (Whittaker). States with legalized Gambling such as New Jersey
and Nevada bring upwards of an additional three to ten billion dollars a year (Ferris). The budgets of
states with legalized gambling are less tax reliant which leads to lighter tax burdens and further
capital improvements (Whittaker). Critics of gambling claim that states with large gambling
industries have higher crime rates and increased government corruption but

Global Indicator Of Chinese And American Economy
1. American and Chinese economies in terms of using global, ethical, political, physical, and
societal indicators. Global indicator of Chinese and American economy Chines GDP is $13.983
trillion and US GDP is $18.1 trillion while overall world GDP is $77.609 trillion both to gather
contributes nearly 40% to the world so this says that the changes in any of the economy will have a
greater impact on the global economy. Currently the best way to calculate the growth of economy is
using PPP model (purchasing power of Parity). China PPP is 12608.87 US$ while US is having PPP
is 52117.76 US$ which is major gap and this shows though china is having more GDP number but
it's not as strong as the US economy and that is a positive indication for the US. Currently China is
over capitalized and facing a bad debt issue which made them the slow growth and this is the one
the reason of slow chines growth. Currently china is more dependent on the exports and so many
parts of the world are facing recession so that the overall Chinese growth will decline. Australia is
more dependent on export to china which will also having a trouble in terms of decline in chines
economy. Ethics indicator in China and America Business ethics plays important role for the growth
of the economy sometimes violation of that lead to low growth. Chines manufacture produce the
low quality good and supply to the world by corruption and bribe to quality checking officers as
specially in toys and assemble electronics

An American Economy Essay
An American Economy
Globalization is a very pressing issue in the American culture today. Within any economy,
globalization will cause many problems while at the same time solving many others. This is true
because there are many factors involved with globalization, one of the most important being job
outsourcing. While at first glance and from what the media reports, job outsourcing is definitely not
healthy for the economy. However on upon closer inspection, the reverse may be true. Job
outsourcing, though initially stressing on the workforce, is helpful in creating a strong economy.
Job outsourcing creates an initial job loss to the area in which it concerns. This happens because in a
global economy, the idea is to move ones ... Show more content on Helpwriting.net ...
The media and politicians attacked IBM for its un–American policies, the other event was IBM's
high second quarter profits that allowed for a one–third reduction to their lay–offs. Though that may
not seem like a big deal, it is considering that when they announced their 5,000 layoffs, they also
announced their addition of 5,000 other American jobs to the payroll. No one heard their second
announcement through all the fuss over the companies outsourcing. With that taken into
consideration however, IBM actually increased the number of American workers, making a healthier
economy. The attack of the media and politicians on IBM is not even close to new. Any company
with plans to cut costs by moving jobs over seas is seen as an evil monster creating a permanent job
loss.
The permanent job loss is an idea that has been around for some time. In the eighties and early
nineties, there was a lot of doubt over our economies ability to recover from the departure of our
manufacturing jobs. Then, starting in the mid to late nineties was the panic over e–commerce and
dot.com companies destroying old economy jobs. The fact is, our economy is always changing and
there will always be a permanent loss of jobs. That's what happened when the US changed from an
agricultural economy to an industrial one and from an industrial one to a technological one. Now it
is happening again as we change from a mostly local economy to a very global one. In order to keep
the

The Wall Street Is An Useful Tool For The American Economy
Pros of Wall Street
Wall Street is an extremely useful tool for the American economy. It helps those who are in the
lower part of the social ladder by giving them a chance to climb the ladder of economic opportunity.
Wall Street also helps boost other industries within America, thereby making it vital for the
American economy. As Wall Street is one of the most important financial institutions in the world
and provides more positive aspects for the economy than negative ones. Wall Street is extremely
important for the American economy. Jeff Madrick, the editor of Challenge: The Magazine of
Economic Affairs, in his piece "Does America need Wall Street", cites historian Alfred Chandler,
who argued that the majority of the money put into America during industrialization came from
corporate profits (Madrick).Those profits were able to make technological advances for all
Americans. Daniel Indiviglio, former associate editor of the Atlantic, states that Wall Street is also
important to the economy because it helps banks create capital (Indiviglio). That bank capital helps
create jobs in the economy by causing more money to be available to be put into the economy. Wall
Street plays an important part in the economy, and without it, America would face financial
hardships. Wall Street also helps the American economy by providing the opportunity to be able to
move up the financial ladder. Adam Davidson, a journalist who focuses on business and economic
issues for National Public

Major Economic Characteristics Of An American Economy...
The major economic characteristics of American life during the years 1800–1877 included the
market revolution, the industrial revolution, and how plantations contributed to the economy. After
1815 there were great strides in the transportation and manufacturing industries. The industrial
revolution provided agriculture, mechanization, and the railroad. Plantations contributed to a
majority of the South's economy which benefited them greatly. "Before 1815, transportation in the
United States was slow and expensive; it cost as much to ship a crate over thirty miles of domestic
roads as it did to send it across the Atlantic Ocean." (Roark 297) During the years 1815–1840, the
speed between roads, canals, and railroads was drastically raised ... Show more content on
Helpwriting.net ...
It was surprising for these new inventions that were created could have a huge impact on the
economy. The market revolution was able to improve transportation and pave more opportunities in
making more money at an easier pace. With the ways of transportation, the industrial revolution
took off creating a booming economy that included agriculture as well as mechanization. With the
inventions of new modern machines, people were able to produce more product with less help,
which resulted in a bigger profit in the end. Cotton was able to become the major cash crop, because
of the new invention of the Cotton Gin, cotton was easier to grow and many people began to jump
on the bandwagon and either grow it themselves or use their slaves because it was such an easy and
fast way to make more

How Did The American Revolution Affect The British Economy
Majed Shabsigh
Mrs. Rader
World History
12/25/14
How did the American Revolution affect the British economy? Winning the battles of the American
Revolution was the key step, probably the most important step, in declaring freedom from Britain.
Declaring freedom from Britain had multiple affects on both Britain and the new America. However,
the struggles didn't end there. Both countries suffered major losses and spent large sums of money
on the war. Although the Americans suffered a lot, they recovered with the help of many European
countries, those of which helped them in the war. But Britain did not recuperate as easily. Read on
and you will find out the post–war conflict Britain. One major reason Britain was having a hard time
after the ... Show more content on Helpwriting.net ...
One nation that greatly despised Britain for its losses was Ireland. People living in Ireland already
despised the British, and the Irish believed losing the war was a lesson to the British and they ought
to learn from it. People began to lower their views of the British army and were on the brink of a
war, but as the British reestablished their trade the protests and attacks calmed. Having lost a large
part of their empire, the British were left with an average sized empire. However, with the
establishment of new trade and the prosperity of the nation after initiating that trade, the British
began exploring new lands. Out of the ashes of the First British Empire came a Second British
Empire, with the newly conquered Australia and New Zealand (Stokesbury 286). The nation was
still in debt, but the people had been able to live with it and the situation had calmed. Most of these
problems had been caused by the economic crisis of Britain at that time. All of the problems calmed
or dispersed entirely when the British were able to resurrect their trade and pay off some of the
national debt. Many other European nations still thought of Britain as a weak country for not being
able to win the war, but with the prosperity of trade and the expansion of its empire, Britain had
returned to its normal

Overview of the American Economy
The American Economy Introduction Throughout American history, the role of the government in
the economy has been increasingly brought to the forefront. This is because there are conflicting
views about their responsibilities in these areas. As they are one component, that will have an impact
on growth and the ability of private enterprises to expand. Yet, limiting their amounts of influence
has always been a critical factor with many firms claiming that they can overregulate different areas.
(Langran, 2007, pp. 4 10) ("Over Regulated in America," 2012) This is from the government's
responsibilities having ripple effects on the economy. According to Langran (2007), they are playing
a significant part in determining the overall amounts of economic expansion or contraction that are
taking place (based upon the policies that are enacted). This is because there are several different
areas that are focused on in addressing the needs of the general public. Over the course of time, this
has resulted in the government playing a significant role during the process. (Langran, 2007, pp. 4
10) ("Over Regulated in America," 2012) As a result, there are many ways that governments will
have an effect on economic activity to include: public finance, regulations, they are the single largest
employer and a major provider of credit / debt related instruments. The combination of these factors
is showing how the government will play a role that is important. Yet, they must be able to keep

Black Slavery : An Essential Part Of The American Economy
During the 1800s, black slavery was an essential part of the American economy. Abolitionism, a
movement existing concurrently with the institution of slavery, arose aiming to eradicate the practice
of slavery and to provide equal rights for black Americans. Determined abolitionists turned to
literature, activism, and progressive action to work toward their goal. Extreme abolitionists even
went was far as participating illegally in a network of northbound trails located in the south which
came to be known as the Underground Railroad. Founded in the early 1800s, the Underground
Railroad consisted of abolitionist "conductors" and other activists working to liberate individual
slaves. Conductors and hosts of safe houses such as Harriet Tubman and William Still, moved slaves
from the slavery ridden South to the free soil of the North. Federal and state attempts to maintain
slavery proved to be setbacks for the participants in Underground Railroad, however, despite these
setbacks, the Underground Railroad had substantial success in liberating many individuals.
Outspoken and active abolitionism among determined individuals, both white and black, and
religious groups in the nineteenth century contributed to the success of the Underground Railroad in
helping black individuals at the same time as both governmental and societal attempts to continue
the institution of slavery. During the United States' early stages of independence, the American
economy was in need of a

Income Inequality : The American Economy Essay
Income Inequality in the Workplace
The American economy has been in a constant rise since the economic decline earlier this decade
and keeps on being the vigorous beast it was amid the twentieth century. The Center on Budget and
Policy Priorities and the Economic Policy Institute concluded that the income wage hole between
the wealthiest and the poorest one fifth of families is altogether more extensive than it was two
decades prior. The middle class has not seen the advantages of this powerful American economy.
The middle–income pay has stayed level at 44,389, an assume that spoke to a 3.8% diminishing
from its top in 1999. In 2005, the median income, when adjusted for price level change, really
declined, a pattern that has proceeded since 2001. Since the 1970s as the salary for the wealthiest
1% of Americans has multiplied, wages for middle class families have stayed even, however this is
simply in the wake of including a second household income. Even workers with college degrees,
who were once viewed as first class specialist, have witnessed this wage stagnation, as income of
laborers with 4–year professional education fell 5.2% when adjusted for price level change from
2000 to 2004.
Income Inequality and Job Dissatisfaction
A recent survey conducted by Mercer Consulting Firm found that salary is the reward component
most profoundly appreciated by employees; however, just 55 percent are happy with what they earn.
When employees believe, they are being paid short of what

Gambling Effects On The American Economy
Gambling Effects on the American Economy American people like games and entertainment, and
one of these games is gambling. According to crops online, a gambling website (2009), gambling is
classified as an old game taking place in China back around 2300 B.C. Then around 100 D.C., King
of Norway and King of Sweden resolved the District of Hising property by using two dice. In the
Mediterranean countries, the deck of card was developed, and especially the French altered the deck
by pulling out a man and adding a queen. In nineteen century, the US citizens started playing
gambling in a casino and house cuts in Cincinnati City and paying ten per cent to the house cuts
(History of Gambling). Since then, the casinos have started spreading throughout the country, and
nowadays, the casinos are in many states of the US where a lot of people spend their vacation either
alone or with the family and enjoy their time. Moreover, the lottery is a different type of gambling.
According to North American Association of State and Provincial Lotteries (NASPL), a lottery's
website, the lottery started in China around 100 BC, then the Belgian used lotteries to build chapels,
almshouses, canals and port facilities in 1465, whereupon New York became the first state that
authorized lottery in the United States in 1967 (Remember to Play). There are many viewpoints
about gambling where some people consider that gambling has many benefits and supports the US
economy, while others believe that it is a

Americans Are Frustrated With Today's Economy
The American economy has many Americans frustrated. "When millions lived in poverty, the FDR
fought for social security, and insurance for the unemployed, and a minimum wage." "When
millions died without health insurance, the LBJ fought for Medicare and Medicaid, In "Remarks by
the President on Economic Mobility," the author builds an argument that Americans are frustrated
with Washington D.C's economy. The "THEARC" uses ethos, pathos and logos to strengthen the
logic and persuasiveness of their argument. President Obama supported his claim when he
mentioned "that people's frustration runs deeper than these most recent political battles." "Making
sure our economy works for every working American." This is another statement that Obama has
said to support his claim about Americans being frustrated with the current economy we now live in.
Since this economy is frustrating to most Americans, it is ... Show more content on Helpwriting.net
...
Whereas in the past, the average CEO made about 20 to 30 times the income of the average worker,
today's CEO now makes 273 times more." This statement is explaining CEO's now make more than
they did in the past, and that the ten percent that took up one–third of the government's income, now
takes up half of their income. This adds to Obama's claim about the average American being
frustrated with the current economy today. Reclaiming the American Dream is very, very far from
the government claiming it back. Every American has the right to be frustrated with the economy
that the government has created today because of current war with ISIS, low profit percentage, and
that our economy today, wasn't as healthy as it was before. The government should make
millionaires pay for taxes because they have millions that could pay 20 American debts. So, mainly
the economy isn't very good in comparison to

How Did The American War Affect The Economy
When a nation enters a war, there are certain economic implications. It is assumed that the economy
will boom because of the mass production needed to supply an entire army, but there are other
ignored adverse consequences to conflict. This common belief is true, for a time, but the post war
complications often lead to recession or even depression due to inflation or governmental
interference or influence. This occurred after World War I, when, before the war, the economy was
stable and suffered only after. The Great Depression was caused by World War I ideology extending
into economics, and the reinstating of the gold standard around the world. These are both examples
of government influence on capitalism. The Korean War caused inflation, ... Show more content on
Helpwriting.net ...
America was just exiting the Gilded Age, which was an important time of growth and prosperity.
Despite this, the American economy was in a small recession when entering the war, which was
reversed by a 44 month period of growth caused by production for the war (Lozada). This 44 month
period helped the economy expand, and furthered the strength of the country. It also furthered the
confidence of American businesses and the government which contributed to the attitude that caused
overconfidence and helped to spread the Great Depression. When World War I ended in 1918, it had
many unforeseen economic consequences. Despite a stable economy when entering the war, the
political consequences of World War I helped to spread and exacerbate the Great Depression. After
the war, Germany had millions of dollars in reparations to the winning countries. France and Great
Britain had massive damage to their countries and cities, all of which required rebuilding. The
United States recognized a need and was more than willing to lend to these countries. When the
Great Depression hit in 1929, U.S. banks started to fail, and began to call in these foreign loans and
refused to lend more. Results of the Great Depression include a decline in the average income of
Americans and greater

Essay on Fuel Economy in American Automobiles
Fuel efficiency in automobiles has become a topic of much discussion in recent years in the United
States. This is due largely to the environmental devastation that fuel emissions cause, but it is also
sparked by the rising fuel costs. Making cars with high fuel efficiency not only saves consumers
money, but also will drastically reduce the pollution that is caused by emissions. Today automakers
are putting a tremendous amount of effort into making their cars more fuel efficient, both to meet
government regulations and to make their car more appealing to the consumer. During the late
1900's, fuel efficiency was given very little thought by automakers. Instead, they competed with
each other by coming out with larger and more powerful ... Show more content on Helpwriting.net
...
The first law that was passed to enforce this was the Energy Policy and Conservation Act, which
was passed by Congress in 1975. This law established a Corporate Average Fuel Economy program,
commonly known as the CAFE program, and it required automakers to drastically increase the fuel
efficiency of their vehicles. Consequently, by 1985, the average fuel efficiency of automobiles had
risen to 27.5 miles per gallon, which is very close to what it is today (Bezdek 132,133). Because
CAFE did not change the fuel efficiency standard until years later, by the early 1980's most
automakers had met the fuel efficiency that was required for their automobiles, so they started to pay
more attention to the size and power of their vehicles. Instead of building cars with better gas
mileage each year, they built their cars bigger and with more power, while keeping the fuel
efficiency just high enough so that it met CAFE standards. Accordingly, the gas mileage of vehicles
has not increased significantly since the 1980's (Bezdek 133). In fact, the average fuel efficiency of
new passenger vehicles steadily declined from the 1980's until 2004. This was due to the loopholes
which car manufacturers found in the CAFE standards. CAFE treated "light trucks" much more
leniently than cars, and allowed them to have considerably less fuel efficiency than cars. This caught
the attention of car manufacturers, who then looked at how CAFE defined a light truck. They

Latin American Economy
The United States involvement with Latin American was critic for the economic development of
both parties. Throughout history the United States invested mostly economically with these third
world countries. For instance In the Dominican Republic, Cuba, and Haiti, officials had to obtain
U.S consent before borrowing foreign capital. Another example is the relations of the United States
with Cuba, the US investments helped locked the country into a risky one–crop economy subject to
fluctuating world sugar prices.
During the 1920's in a process sometimes called " Colonialism by contract" professional economist
such as Edward Kemmerer of Princeton University served as financial adviser to Colombia, Chile,
Ecuador, and Peru during these years, ... Show more content on Helpwriting.net ...
A wide range of important mineral resources are found in the mountainous and coastal areas, and
Peru's coastal waters provide excellent fishing grounds. Peru is the world's second largest producer
of silver and third largest producer of copper. The Peruvian economy grew by an average of 5.6%
from 2009–13 with a stable exchange rate and low inflation, which in 2013 was just below the upper
limit of the Central Bank target range of 1 to 3%. This growth was due partly to high international
prices for Peru's metals and minerals exports, which account for almost 60% of the country's total
exports. Growth slipped in 2014, due to weaker world prices for these resources. Despite Peru's
strong macroeconomic performance, dependence on minerals and metals exports and imported
foodstuffs makes the economy vulnerable to fluctuations in world prices. Peru's rapid expansion
coupled with cash transfers and other programs have helped to reduce the national poverty rate by
28 percentage points since 2002, but inequality persists and continues to pose a challenge for the
Ollanta HUMALA administration, which has championed a policy of social inclusion and a more
equitable distribution of income. Poor infrastructure hinders the spread of growth to Peru's non–
coastal areas. The HUMALA administration passed several economic stimulus packages in 2014 to
bolster growth, including reforms to environmental regulations in order to spur investment in Peru's
lucrative mining sector, a move that was opposed by some environmental groups. Peru's free trade
policy has continued under the HUMALA administration; since 2006, Peru has signed trade deals
with the US, Canada, Singapore, China, Korea, Mexico, Japan, the EU, the European Free Trade
Association, Chile, Thailand,

American Economy Benefits
For the American economy the future looks bleak. The future of the economy is for corporations to
go global and it's happening right now. Many companies are outsourcing tasks to employees in
foreign countries and getting rid of many jobs in America because they can make a bigger profit
having other people in foreign countries perform the same work for less cost. To improve our
economy and create more jobs the Obama administration have been negotiating three new bills
known as the Transatlantic Trade investment Partnership, Trans–pacific Partnership, and the Trade
in Services Agreement. These bills all have a large amount of secrecy around them and not much is
known about them other than information that has been leaked by public officials, ... Show more
content on Helpwriting.net ...
I hate the idea of my data and Internet activity being monitored by government because there
already is a huge lack of privacy and it is entirely unfair. The TISA bill will allow uninhibited and
unsupervised exchanges of personal data. The personal data will reveal your whereabouts, your likes
and dislikes, as well as your own personal feelings and private thoughts. Another big reason not to
support is that these bills want to end public provided services such as welfare("Secret Trade
Agreement Covering 68 Percent of World Services Published by WikiLeaks."). The bills also allow
corporations to make any laws they please even if they are to your detriment and no government can
create laws to stop them. They also can create their own prices for medicines and services that were
once provided by the government. (Sengupta,

Early American Economy From 1860 To 1860
Early United States had mainly farming economy base Even with settlers occupying a small portion
of the area Few had went to Georgia and South Carolina 1850 meant change in south because its
population went to Deep south Souths economy was great Slavery was extremely important to them
though and their economy Southerners grew a mix of rice indigo and tobacco Euro's wanted cotton
and the demand for those crops all increased Eli Whitney created a solution known as the cotton gin
1793 Productivity increased greatly 50 times more cotton a day It made farmers grow more cotton
But they needed slaves to continue their work So demand for slaves increased much more 1860
mean Deep south and Upper south were concentrated

How Did Slavery Affect The American Economy
During the early years of the United States, there were major problems with racism and segregation
amongst other things. Whites were seen as the superior race, and anyone who didn't fit that
description were seen as inferior. Because of that, slavery became a thing across the country (mostly
in the South) and with it came a series of troubles. The act of slavery left a strong impact on the
southern economy by allowing it to grow, but negatively affected those doing the hard labor not only
physically but mentally as well. Throughout the 17th century, North American landowners began
searching for a way to make their production faster and easier. It was then that "European settlers in
North America turned to African slaves as a cheaper, more plentiful labor source than indentured
servants, who were mostly poor Europeans" (Slavery in America). African slaves were seen as
beneficial to the landowners because they could do more, precise and efficient work than those who
were injured. Most worked on indigo, tobacco, and rice until the 18th century where the demand for
American cotton began to increase. It was tough to produce cotton at a slightly fast speed because
the crop was "unfortunately limited by the difficulty of ... Show more content on Helpwriting.net ...
Many owners didn't appreciate the responsibility of taking care of their slaves' children along with
their own, and most slaves couldn't even afford to take care of their families because "They made no
wages, although some masters paid bonuses as incentives for good work" (Slavery). In some areas,
it was difficult for enslaved couples to marry because it was against the law. Along with legal and
financial issues, many slaves suffered from psychological trauma. Since most had to endure physical
pain as punishment, many suffered from PTSD. They lived in fear of getting beaten and having that
much stress really weakened their bodies, so in return most would get punished. It was all a cruel,
tragic

Political Economy And Its Impact On The American Economy
Political economy is defined by how political policies and economic processes work together to
influence society. It encompasses the notion that political systems influence economic systems and
vice–versa. Similarly, in America today, it is apparent that the economy heavily effects the education
system. Evidently, the American education system also impacts the American economy. There is a
complex relationship involving interaction between educational policy and the political economy,
which includes concepts such as: race, class, democracy, and economics. Educational policy is
embedded in larger social, economic, and political contexts which make up the modern political
economy. American universities were poised to welcome millions of young adults who headed off to
institutions for higher learning this fall. It is engrained in today's society that a college degree is
imperative to students preparing to enter the American work force. However, despite earning a
college degree "83 percent of college seniors graduated without a job this spring" (is your student
prepared for life?). It is an alarming reality for college graduates, the fact that upon graduating,
positions are often part time, low wage, or unrelated to their college degree or career interests. In his
article, Is Your Student Prepared for Life? Ben Carpenter suggests that in order to be certain that
college students are prepared for life post– graduation: "colleges need to create, and require for
graduation, a

American Manufacturing and the U.S Economy Essay
For over half a century, American manufacturing has dominated the globe. During this period, many
great American businesses and corporations began. Companies like General
Motors, Levi, and Ford became widely known and promoted. American manufacturing became
synonymous with quality, greatness, and reliability. However, manufacturing in the U.S has started
to plummet as the economy has begun this recession. It may seem as if the country that used to
make everything is really on the edge of making virtually nothing. U.S. jobs in manufacturing have
been vanishing at a fast rate and unemployment percent is on the rise, but despite the vanishing jobs
Americans' productivity is on the rise and Americans still lead the ... Show more content on
Helpwriting.net ...
Even with the misfortune with unemployment, Americans still lead the world in manufacturing. But
there is a counterbalance to the drop in total employment, the dramatic rise in productivity.
According to the National Association of Manufacturers, over the past two decades manufacturing
productivity has grown by 94%, which is considerably faster than the rest of the U.S. business
sector, where productivity grew by 38% over the same time period.
Another concept that is brought up by the article is international trade and business. There are a
number of gains to be obtained from international trade, such as lower prices, greater choice, and a
variety of resources. Many of the millions of laid–off workers in recent years ended up shifting into
lower–salaried service jobs, while U.S. manufacturers relocated production facilities to low–cost
countries. The U.S has established great economic trade connections with the rest of the world, and
that has lead to U.S. based plants shifting work over to foreign competitors, such as China, so that
they can have cheap labor. It is much cheaper to have workers overseas however there is the danger
of unemployment. The United States needs to protect the economy from imports, so sometimes a
tariff is applied. A tariff is a tax that is charged on imported goods.
Any tax

Slavery And The American Economy
Slavery spans to nearly every culture, nationally, and religion and from ancient times to the present
day. Slavery was a legal institution in which humans were legally considered property of another. In
the 18th century, new ideas of human rights and freedom emerged out of the European
Enlightenment stretching across the Americas and Europe. By the era of the American Revolution,
the belief that slavery was wrong and would ultimately have to be abolished was widespread, in
both the Americas and northern Europe. However, the southern states of the United States believed
that slavery is essential to their way of living and providing history, and religion to defend slavery.
The debate between proslavery, whom were Southern states, and ... Show more content on
Helpwriting.net ...
As Kansas was applying for admission into the Union as a slave state, Senator James Henry
Hammond of South Carolina argued that "the strength of a nation depends in a great measure upon
its wealth," which was created by its exports.1 About two–thirds of America's export were either
produced by slave labor, like raw cotton, or were manufactured goods tied to slavery, like cotton
cloth.1 Hammond also brought the notion that "Cotton is king," and no one would dare to make war
on cotton.1 Cotton revolutionized the American economy and became the staple of industry in the
southern states. In 1787, there was virtually no cotton grown in America.1 However, with the
invention of Eli Whitney's cotton gin allowed production of cotton to soar along with the demand
for black slaves. The expansion of cotton meant the geographic expansion of slavery as well; as it
grew, cotton dragged its slaves to the southwest where it could be grown more easily.1 Proslavery
supporters argued that the end of slavery would have a devastating impact in the southern economy,
where the reliance of slaves was the foundation of their economy. Even Thomas Jefferson agreed
that the South's economy was all based off of slave labor and without the slaves, the South would
not had a successful economy.1 Although slavery was highly profitable, it had a negative impact on
the southern

How Did Manifest Destiny Affect The American Economy
Manifest Destiny is known as the Americans God given right to travel west across the North
American continent. The Americans needed to travel west to evolve as a nation and to gain human
progress. Manifest Destiny affected the United States Economically, by increasing production and
resources, Socially, by changing feelings and lifestyles between groups of people, and
Geographically, by expanding population in the west and cities. To start, Manifest Destiny affected
the American economy. A few of the many ways Manifest Destiny affected the United States
economy include the increased demand for slaves, the growth of the cotton industry, and gaining
resources and gold from the west. The article "Was Slavery the Engine of American Economic ...
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"Next was the beginning of a third period of Native American relations with the United States
Government, one of forced assimilation" (US and NA Relations). This illustrates that because of the
hardships that the Native Americans faced while they were being forced out of their land, their
relationship with the Americans changed. Another relationship that changed because of Manifest
Destiny was the relationship between the Mexicans, the Texans, and the Americans, "When the
Mexican government outlawed slavery in 1829, it expected the Texans to follow suit. None of the
conditions were met, and a great cultural war was underway... In the hopes of easing tensions,
Stephen Austin journeyed to Mexico City in 1833. But Mexico's dictator, SANTAANNA, was not
the negotiating type. Austin was simply thrown in jail. Although he was released after 18 months,
relations between the Texans and the Mexicans deteriorated" (Independence Hall Association). This
displays the fact that because of some mishaps that happened between the Mexicans and Americans
–which led to a war– the feelings and relationship between the two groups changed. Finally,
Manifest Destiny affected the U.S geographically by expanding population in the Western Areas and
allowing people to move away from farms and into cities. "People were moving from farms to the
City... Moses Austin Made agreement with the Spanish that American's could start a colony in
Texas..." (History Notes 35 and 3). This selection of quotes exhibits that Manifest Destiny made the
Americans move westward which expanded their territory and made the country

The Status Of The American Economy
As the economy is ever changing, it has influenced many differences between the lives of earlier
Americans and the lives we live today. Women have not always been present in the workforce. Clear
gender roles had been defined to split men and women's work into separate duties. The differences
of careers and duties led to the division of social "classes," including the upper class, middle class,
and lower class. The type of employment and intangible class ranking visibly defined the lifestyles
families lived. The dynamic status of the American economy has had a great effect on the lifestyle
of and employment within American families. In the eighteenth century, while the home and family
were the center and source of economic income, clear division between men and women's work was
set. Women's work was mostly in and around the home, particularly cooking, sewing, cleaning, and
helping with farm chores. As family size and number of children in the household increased to
provide help on the farm, one of the mother's main commitments was to raising the children and
being an honorable wife and mother. While the woman was upholding her house duties, the man
was the "breadwinner". Men embraced their independence and masculinity which separated them
from the status of women. A man's authority in his family was viewed as a component of their
freedom. The concept of the man as sole provider, who would make the bulk of the family's wage,
became a traditional part in the American

How Did Slavery Affect Early American Economy
The slavery was always a great part of early American economy but with the development of
capitalism the view on slavery had been changed. Between The Revolution and Civil War, during
the period known as "market revolution", American economy has been swiftly transforming, and the
changes broke up the country into North and South. This division was determined by the different
approaches to the economic growth and labor organization. Northern economy has been converted
into new commercial economy with new wages–paid labor organization. Southern economy
remained depended on slavery. The economy of North rapidly grew, and there was great demand for
labor. The growth of transportation, communication, network of roads, canals, and railroads, and
new plants and factories attracted not only new immigrants but ... Show more content on
Helpwriting.net ...
The growth in cotton and crops production did not cause the change in economic system, but caused
the increase in demand in slaves. Cotton boom required more production, and more production
required more labor that meant more slaves. The number of slaves increased from 700.000 in 1790
to more than 1,5 million by 1820. For Southern states the idea of abolition was something incredible
and impossible. Southern planters saw slavery as the only way of labor organization for black
people. They believed that the slavery was the only conditions in which blacks could exist and that
is why they could not be freed – they did not fit for freedom. Slaves were considered as property and
therefore could not be treated as free people. For Southern planters the violence, both physical and
sexual, was the norms of morality, they believed that as soon as slaves are property they could not
have feelings and emotions and all what blacks need was to be feed, dressed, and have shelter. Since
Southern planters gave this basics to slaves they thought that slaves should be happy and

Maintaining An American Economy Essay
Living in the early 1900s, America should maintain its competitive edge and dominance in the
world, by expanding our influences into new territories. Our population is increasing quickly as are
our many industries, therefore creating a greater demand for resources. There is the possibility the
existing resources will not be able to sustain these increases. William McKinley in The Acquisition
of the Philippines states that "Incidental to our tenure in the Philippines is the commercial
opportunity to which American statesmanship cannot be indifferent. It is just to use every legitimate
means for the enlargement of American trade" Acquiring islands, such as the Philippines, will give
America a large commercial opportunity and enlarge our areas of trade. This will improve the
American economy, because we will have more goods to trade, and different countries to trade with,
hence bringing in more goods. ... Show more content on Helpwriting.net ...
While in war, Mahan discusses the importance of having the sea by saying "Secondly, for war: The
influence of the government will be felt in its most legitimate manner in maintaining an armed navy,
of a size commensurate with the growth of its shipping and the importance of the interests connected
with it." Hence, the navy is a very important asset during times of war because it can get goods
where they need to be quickly. If we want to be a strong country, we need to expand our country's
reaches, and doing so by sea is a logical way to do so, because of the gain it will earn our

Outsourcing American Jobs Hurt U.s. Economy Essay
Outsourcing American Jobs Hurt U.S. Economy The dawn of the outsourcing era. Many large U.S.
corporations cultivates outsourcing faster than we can imagine. The trend that began in the late 1970
and picked up speed in the 1900s with the opening trade with China, India, and Eastern Europe
("Outsourcing: What's the true Impact"). In its broadest sense, outsourcing is simply contracting out
functions that had been done in–house–a longtime U.S. practice ("Globalization: Threat or
Opportunity"). Subsequently, outsourcing is an essential part of globalization; and it is the
combination of markets through the cooperation of internalization, federal, and state governments
with corporate companies to produce products on a reduce production cost, and offer services on
lower labor cost. When a U.S. manufacture product, and buys material from an intermediate supplier
from out of the country rather than producing them in–house, that is what is called outsourcing.
Also, when U.S. corporation hires outside contractor out–of–the–country to do U.S. call center
services for less labor cost that is outsourcing. When a company deals out its operational task, such
as payroll, accounting, and software operations that is outsourcing. Obviously, all of these examples
seem to benefit and in favor of the corporations. To get the clear understanding of outsourcing for
major corporation perspective, I have interviewed IKEA's U.S. Deputy Retail Country Manager Rob
Olson about outsourcing–Swedish

The American Economy
The American economy is as strong as ever. The factors on the economy are more complex than
most people realize. Businesses are thriving, people are making money, and trade is booming. It is
normal for a powerful economy to enter a lower state such a recession. Most can handle such
pressure and bounce back to their previous state, if not stronger. Only a handful of nations are debt
free as well, which means no one has more money than the other. The current GDP debt rate is
around the average for the world. Unemployment rate is at the least it has been in years,
overwhelmingly showing an economical improvement. Several items influence the economy
including the people themselves. The survival of the American economy rests solely on the people's
... Show more content on Helpwriting.net ...
The people who live within its borders work in order to create a more stable economy for everyone.
The United states has a strong economy, which is also the strongest in the world. We constantly
continue to attempt to advance further into the economic world, developing new technologies in
order to advance into the more modern world. The people themselves are constantly strengthening
the economy, whether it is by working and creating products, or by providing services that
contribute towards the economyś development. The United States economy is much more complex
than most people realize, creating a false sense of despair for the economy's

Outsourcing American Jobs Hurt U.s. Economy
Outsourcing American Jobs Hurt U.S. Economy Globalization is the integration of markets through
the cooperation of internalization, federal, and state governments with corporate companies to
provide low–cost products. Subsequently, outsourcing is an essential part of this globalization.
However, what exactly is outsourcing? In its broadest sense, outsourcing is simply contracting out
functions that had been done in–house–a longtime U.S. practice ("Globalization: Threat or
Opportunity"). When a U.S. manufacture product, and buys material from an intermediate supplier
from out of the country rather than producing them in–house, that is what is called outsourcing.
Also, when U.S. corporation hires outside contractor out–of–the–country to do U.S. call center
services for less labor cost that is outsourcing. When a company deals out its operational task, such
as payroll, accounting, and software operations that is outsourcing. To get the clear understanding of
outsourcing, I have interviewed IKEA's U.S. Deputy Retail Country Manager Rob Olson about
outsourcing–Swedish goods. Olson stated that IKEA's outsourcing utilizes the unique talents of
different countries and their labor markets to increase trade, which helps better allocate resources in
their own countries while getting goods cheaper from others. Today, there are massive numbers of
people who think what started as a globalized extension by sending some work outside, in fact, is
creating uncertainties on structural

The American Economy : Service Oriented While The Us...
Introduction
When reading the statement "More than 70% of the US economy is service–oriented while the US
manufacturing has shrunk 60% since just 1970 as a result only 1 in 10 Americans works in a
manufacturing job. The US does not make, we take." (Fitz–Gerald) It made me realize how much
our economy has evolved. Americans are more dependent on services while manufacturing jobs
have become less attractive to job seekers. The demand for manufactured goods and products
remains high; however, the service sector is getting the biggest chunk of the pie. Someone else is
doing the work for us, therefore we feel comfortable giving away our hard–earned money for
services and products that often times are not necessary but convenient.
Development
Our economy has gone through several changes over the years. During the early 1900s the United
States was under a growing stage and manufacturing was necessary to accomplish this objective.
One hundred years ago technology was not as advanced as it is today and man power was required
throughout the manufacturing process. The growth of the railroad, manufacture of war equipment
and growth of cities are only a few examples on how manufacture played an important role. Post
World War II a trend that fueled industrial growth remained strong and it was not until the 1970s
when we start to see a decline in the construction and manufacturing industry and a rise on real
state, wholesale trade and healthcare. These latest service sectors continue

African American Economy : African Americans
African American Economy
The unemployment rate in the African American community is higher than any other group in
American society. Institutionalized racism and unequal education opportunities have contributed to
the unemployment rate. There are various reasons why the unemployment rate is greater in the
African American communities. Consequently, Blacks are attaining higher education at a rate lower
than other groups in society, and lack opportunities in the workforce. These are just two of the
elements that cause the wealth gap between Blacks and Whites in America's financial system.
African men and women were brought to America for slavery. Once the slaves were freed, they had
to find work and enter into the American workforce with little or no education. Therefore, countless
Blacks were forced to take lower level jobs in American society. As a result, racism and inequality
became institutionalized injustices that widen the wealth gap. Scores of Blacks were denied the
opportunity to purchase properties and to attain assets and wealth. The majority of Whites do not
know Black people's reality and financial obstacles because White people do not face housing
discrimination or scrutiny in the workplace. White people have benefited from the inequality that
minorities face in the United States financial system. According to Hilary Shelton Deputy Director,
Washington Bureau, National Association for the Advancement of Colored People "because of
affirmative action, fairness is

American Economy 1920s
Section A: Plan of Investigation
This investigation evaluates the economy in the 1920's. The question, "What economic
circumstances lead to the growth of the American economy in the 1920's? The question came to my
attention when I did extensive research on topics in which I enjoyed. The 1920's holds a special
place within me because the 1920's is the heart of modern technology today. With all of the new
inventions there should have been a very influential amount of money. I will be accessing different
websites, books and charts to study where the economic boom was and how it took place. I will then
analyze who was the president during the time, political leaders, industrial leaders and new
technology that were created in the 1920's. I will ... Show more content on Helpwriting.net ...
The origin of this source comes from a topic that many people know about but choses to ignore. The
article shows the 1920's in a new light by explaining everything from inventions to the great
depression. The article contains graphical information that clarifies many aspects like inflation and
sell's prices. Financial specialists and students of history have rightly given much regard for the
1920's decade. On the other hand, with the greater part of this worry about the developing and
creating part of government in financial action in the 1930s, the 1920s regularly has a disposition to
get disregarded. This is terrible on the grounds that the 1920s are a time of incredible, fundamental
economic development. The article denotes the first really present day decade and sensational
economic advancements that are found in those years. The article did have some setbacks in regard
of the leaders of the time period, the article was very blunt. Even through the article clearly
identifies national products prices and the population of laborers; it's hard to conclude how this
started. The value of this source is important because this source provides so much information
needed to complete this

Civil War Economy Vs American Economy
Since the beginning of European colonization in the Americas, the economy of the country has
depended primarily on three interdependent factors: slave labor, an agrarian lifestyle, and the later
market industry. Although the country began as a unified nation of states with similar ideals and
development; changes brought about by the Market Revolution and gradual transformation of
mindsets led to the outbreak of the Civil War, its result, and its consequences.
Slaves in the southern states of America mostly rose in market value, especially from 1845 to 1860.
This statistic provides a basis for the difference between the two sides from both an economic and
from a societal perspective: as the entire economy of the south relied on slave labor, they were
worth large sums of money to their owners.
As political tensions led up to the outbreak of the Civil War, much of the profit of the southern states
depended on their agrarian life. They prospered on cotton export to Great Britain and other areas of
Europe, and were quite stable in their food production. However, as the conflict arose and actual
fighting commenced, the southern Confederacy was at a large disadvantage to ... Show more content
on Helpwriting.net ...
"The economic costs of waging total war," as stated by FEE, was only amplified by the country's
rejection of taxation since before the war. After the war, "[the United States] had no income tax, no
estate tax, and no excise taxes," all factors that would only continue to contribute to the rising debt.
As both sides of the war were American, and the war was fought entirely on American grounds, the
debt was massive, enough to undo nearly a century's worth of trying to reduce it in any way
possible. Commonly observed effects of civil war were supported in research following the
American Civil War: reduction was observed in both "gross domestic investment" and in "private
domestic investment rather than public

American Economy Essay
The American Economy is the most dominant economy in the world and has been one that many
countries have tried to replicate. Let's take a look at how the American Economy is so dominant and
why. There are many important numbers to base an economy off of, however, we are only going to
look into some of the most vital numbers that really illustrate why the United States is the world's
leading economy. These numbers consist of Gross Domestic Product (GDP), which is the total
amount of goods and services produced within a country's borders in a year, inflation, the amount
the buying power of the dollar changes, unemployment, the number of people actively looking for a
job but cannot find one, and the taxation system, which is how much people ... Show more content
on Helpwriting.net ...
The current inflation is right around 2.2% which is right above average for the U.S. recently. The
American Tax System is a progressive one which for income tax means the more money you make
the higher percentage you must pay. The current income tax rate ranges anywhere from 15%–35%
depending which tax bracket you fall under. Corporate tax functions the same way and increases as
the company's discretionary income increases. Trump has a plan to make this dominant economy
even more powerful. He plans to increase the economy by decreasing funding on climate control
and increase revenue by creating more jobs. These jobs will be created by the deportation of illegal
immigrants, investing in the American infrastructure, and eliminating outsourcing to other countries.
He wants to bring manufacturing back the U.S. and along with that comes jobs.
GDP, Gross Domestic Product, is the easiest number to base an economy off of. America's GDP is
by far the highest in the world. Not only does America beat China by a mere 7.3 trillion dollars but it
also has the entire European Union beat by over 2 trillion dollars. This is an absolutely incredible
feat considering America is neither the biggest nor most populated country in the world yet it
produces far more goods and services than anyone else. Taking up nearly 25% of the world's GDP
the entire globe runs through the American Economy. America, however, the biggest economy it's
not the most

The Future Of The American Economy
The future of the American economy rests heavily on the millennial generation's shoulders. This
generation (ages 16–36) is America's next work force, politicians, CEOs, parents, soldiers, writers,
and teachers. But, does this generation possess the stamina, grit and patience upon which our
ancestors depended so greatly? The millennial generation's demand for instant gratification implies
that they are not capable of providing our nation with the stability it so desperately needs. Roberts
summarizes this sentiment by saying, "From top to bottom, we are becoming a society ruled by
impulse, by the reflexive reach for quick rewards. We are becoming an Impulse Society." Roberts
points out that our nations is being driven by desire, not need. This driving force is impacting even
the youngest of our population. In her Ted Talk in 2012, Economist Silvia Barcellos discusses the
results of an instant gratification test. The test involved giving young children each one
marshmallow. They are told that if they do not eat the marshmallow for 15 minutes they will receive
another; if they eat the original marshmallow before that time, they will not receive another. The
results showed that two out of every three children ate the marshmallow before the 15 minutes were
completed. The temptation to eat the marshmallow and experience immediate gratification was
simply too great. Silvia explains, "People tend to choose the things that give them instant pleasure
over long term benefits (TED TALK

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