This document provides a brief overview of some key events in American history and the economy from 1919 to 2008. It then discusses Ronald Reagan's career and presidency from 1937 to 1989, where he reduced taxes and deregulated industries. The document concludes by discussing job cuts and cost savings at major companies like General Electric, GM, and AT&T in response to economic downturns and mentions a secret Citigroup letter about issues facing the top 1% of investors.

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 Republican
Warner Brothers for 7 years -1981 – 1989 President of the USA
- 50 movies in 22 years -Reduced the taxes for top
-1947 – 1952 & 1959 – 1960 companies
President of the SAG -halved top tax rate
-1954 – 1962 his own show -loosened the dismissal law
General Electric Theater
- a lot of commercials

7. General Electric
100,000 people laid off
and has saved 20.4 billion dollars
General Motors
100,000 people laid off
and has saved 24,1 billion dollars
AT&T
40,000 people laid off
and has saved 9,6 billion dollars

8. The Citigroup
The Citigroup has sent secret letters to their top 20
Investors. This letter included themes like:
- The future of the company
- Plutonomy
- The 1% problem
- The problem of people wanting their rights

9. Can we build a new system???
&
Do we have to change the mind of
our society???