...incredible postwar economic boom after World War II. Additionally, this economic expansion is known as one of the few times in the post-industrial revolution era when inequality between economic groups shrunk, as exhibited by America’s Gini coefficient falling, albeit slightly, starting in the 1940s and continuing up until the mid-1960s. (Lindert, p. 2-652). Ostensibly, a rising tide of economic growth seemed to be lifting the boats of both the wealthy and the working class. The strong and steady income gains and economic growth of the postwar boom proved temporary as the historic anomalies that came about after the end of World War II began to fade in the face of an increasingly competitive global economy....
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...Research Paper on theme: U.S. - Soviet relations. Cold War. Student: Natalia Konovalova. Introduction. This paper is about U.S. - Soviet relations in Cold War period. Our purpose is to find out the causes of this war, positions of the countries which took part in it. We also will discuss the main Cold War's events. The Cold War was characterized by mutual distrust, suspicion and misunderstanding by both the United States and Soviet Union, and their allies. At times, these conditions increased the likelihood of the third world war. The United States accused the USSR of seeking to expand Communism throughout the world. The Soviets, meanwhile, charged the United States with practicing imperialism and with attempting to stop revolutionary activity in other countries. Each block's vision of the world contributed to East-West tension. The United States wanted a world of independent nations based on democratic principles. The Soviet Union, however, tried control areas it considered vital to its national interest, including much of Eastern Europe. Through the Cold War did not begin until the end of World War II, in 1945, U.S.-Soviet relations had been strained since 1917. In that year, a revolution in Russia established a Communist dictatorship there. During the 1920's and 1930's, the Soviets called for world revolution and the destruction of capitalism, the...
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...THE CAUSES OF AMERICAN BUSINESS CYCLES: AN ESSAY IN ECONOMIC HISTORIOGRAPHY Peter Temin* This paper surveys American business cycles over the past century. Its task is to identify the causes of these cycles; other papers in this collection address the nature of policy responses to these causes. This paper can be seen as a test to discriminate between two views of the American economy. The first is expressed in a characteristically vivid statement by Dornbusch, who proclaimed recently: “None of the U.S. expansions of the past 40 years died in bed of old age; every one was murdered by the Federal Reserve” (Dornbusch 1997). This stark view can be contrasted with its opposite in the recent literature: “[N]one of the popular candidates for observable shocks robustly accounts for the bulk of business-cycle fluctuations in output” (Cochrane 1994, p. 358). I expand the time period to consider the past century, but it is easy to distinguish the past 40 years, that is, the period since World War II. A survey of business cycle causes over an entire century runs into several problems, of which three seem noteworthy. First, it is not at all clear what “cause” means in this context. Second, the Great Depression was such a large cycle that it cannot be seen as just another data point. Third, the survey relies on the existing literature on business cycles, which is why I have entitled it an essay in economic historiography. The paper proceeds by discussing each of these problems in turn, then...
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...During the postwar decade, the social isolation that was facilitated enabled individuals to not pay attention to the minimalist approach the government took towards capitalism. This allowed society to be eased into a false sense of security in not scrutinizing business practices, moving away from regulatory measures, and silencing the workers’ movements such as the IWW that participated in strikes to bring attention to these realities. Also during this time, African Americans and women struggled for their rights and equality in society. Zinn argues that while there was such an emphasis on social reality, the government was able to use this advantage for political and economic affairs that encouraged the business community. This materialized in a recoil against workers and ethnic minorities, something that Zinn believes is essential in understanding the rise of the Klan and other issues in American society. Howard Zinn also argues that the Great Depression, brought upon by the stock market crash, uneven distribution of wealth in society, and other factors that helped aid the Great Depression, brought out more social activism such as the Bonus Army and the establishment of “Hoovervilles” as a way to bring back the social and political activism that raised the affairs of unfair capitalism to the publics’ interest. This called for Franklin Roosevelt’s New Deal policy, elements that helped to recover, reform, and provide relief to those who suffered in the 1920s. During...
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...The Korean War The Korean war, to many americans known as “The forgotten war” because the United States made no significant territorial or political gains during the war. Despite the fact that tens of thousands of Americans died, the war both began and ended with the Korean Peninsula divided at the 38th parallel. Nevertheless, the Korean War helped define the Cold War, established a precedent for keeping peripheral wars limited, and boosted defense spending that contributed to the postwar economic boom in the United States. Despite the loss of life, the Korean War faded from national memory, perhaps because the three-year conflict ended without any territorial or political gains. Although General Douglas MacArthur captured nearly the entire Korean Peninsula after his brilliant Inchon landing, his tactical miscalculation at the Yalu River brought China into the war and forced United Nations troops back down to the 38th parallel, where they had started. Both sides became entrenched there, each preventing the other from making any headway. As a result, neither side could claim victory when cease-fire negotiations began in 1953. The 38th parallel remained one of the “hottest” Cold War borders in the world, almost as if the war had never really ended. The Korean War was an important conflict, however, because it set the tone for the entire Cold War. In expanding the draft and sending more than 3 million U.S. troops to Korea, Truman demonstrated to the USSR his...
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...generations. Culture defines and differentiates humans from each other. Understanding different cultures from an unbiased view is cultural relativism. That is taking an emic viewpoint into people’s beliefs or practices. Over the course of this paper, I will examine one aspect of my own culture from an etic perspective, and I will examine an aspect of another culture from an insider’s perspective in order to better understand it more. Specifically, I will be examining the American economic culture, contrasted with the introduction of television to rural Fijian villages to show how the economy has almost consumed the culture in America, and that it may not be heathy to be engulfed in a culture that focuses on consumption and driven by the economy. Part I In this section, I will be discussing the state of the economy in America from an etic perspective. Meaning I will take “an outsider's or observer's allegedly ‘objective’ account” (Crapo, 2013, p. 1.1). This will allow me to examine the American economy objectively; even though I will able to pull from my own experiences and knowledge. In the article Body Ritual among the Nacerima by Horace Miner the Nacerima culture is examined from an outsider’s perspective. Miner observes the significance the Nacerima put on their bodies and how that has shaped their routines and practices. These cultural practices have shaped a prospering society; but is much different than what I know from my personal cultural experiences. Miner’s...
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...and was heralded by a sentiment of nationalism throughout the country. Economic and territorial growth both contributed to the postwar expansion. These were also factors in the resurgence of nationalism along with several others. This positive movement was not without some turbulence. Several factors led to the postwar expansion. Most of these factors were the consequences of lessons learned during the War of 1812. It effectively exposed the inadequacy of the current transportation and financial systems. Following the closing...
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...or individualists depended on the contributions that led to the fracture described by Levin. The variation in culture, the economy, and government intervention not only resulted in a fragmented nation, but it also caused the redefinition of the country’s public identity. Today, individualism in America has caused an even greater divide within communities that were once close, and according to Alexis de...
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...leadership of Mao Zedong, help the People’s Republic of China come to power. This was possible not only because they were able to fight off the Japanese invasion and the Nationalist rivals, but also because Communism was starting to play a huge role in the development of the country. “On October 1, 1949, the People’s Republic of China was formally established, with its national capital at Beijing”(Dolan). The events of World War II and the Civil War between had a devastating impact on the Japanese economy. The revolution that came to changed the course of China’s economy and policy that would come about within China. “The economy had suffered badly from the dislocation and destruction not only of the civil wars but also the Japanese invasion, and the country was suffering from rampant inflation”(Saich...
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...slaves into society, readmitting Southern states whom had seceded from the Union, and recreating Southern property as to better its conditions. At war’s end, the process of reconstruction sought out to solve the challenge that the disembodied Union now faced: what the status would be of postwar freedmen. While the North continued occupying Southern territories, Reconstruction shared very few successes. However, Reconstruction failed to meet its greater purpose. The process of Reconstruction was incompetent in integrating freedmen into American society because of its unstable and strained economy, its political disadvantages and its desire to redesign Southern social structure completely. Financial matters played a key role in Reconstruction’s failure, leading way to public hostility and corruption. Government industrialization plans helped rebuild the Southern economy however; the plans cost a lot of money to the government who financed such plans using tax revenue. Unable to keep up with the ever-growing investments, tax rates skyrocketed resulting in an antagonistic public opinion on Reconstruction. Conditions during this period were bad enough; the Civil War had greatly damaged the economy, greatly limiting financial opportunities as well as resources. Such a hostile view of the process encouraged people to wage a propaganda war, labeling advocates according to their region (Southerners got the name of scalawags, and Northerners carpetbaggers). Newly freed blacks were also...
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...pressures of work and the degree of exploitation wherever it exists. In the first part of my essay I will present a brief history of lean production. This will be followed by the demonstration of main characteristics and the analysis of how lean production has impacted corporate competitiveness by utilizing Toyota as an example, which is the birthplace of lean production. Part three will spell out the limits of lean production as it dramatically increases the pressures of work. I will then make the conclusion of lean production is probably not the best for every country and every industry though it has such positive impacts on corporate competitiveness. Part 1 Brief History of Lean Production Japanese economy experienced a severe depression in the postwar period. Under the condition of a shortage of funds and...
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...Introduction The role of hyper-consumerism on culture as a source of control and power relations has been discussed by a variety of scholarly voices. Among the most prominent is Michel Foucault, who described the various ways that consumer markets circumscribe public spaces, placing important distinctions between class members. In particular, Foucault discusses heterotopia – the public space which carries both physical and psychological gravity. For Foucault, public spaces are characterized by existing without truly existing. The heterotopia serves as a metaphor for a larger context while having the appearance and characteristics of other everyday spaces. Tyndall takes this notion a step further by developing social rules that are attached to consumer places, such as malls and shopping districts (Tyndall, 2009). This version of consumer-driven rules – culled from qualitative research and personal interviews – depicts a new notion of public-ness that is less egalitarian than ever before. It is a version of public space that is not entirely open to the public. Baker adds to this perspective by historicizing the commercialization of public space, dating the use widespread use of public space for advertising purposes to before the dawn of the 20th century (Baker, 2007). This argument inextricably links the notion of “culture” with “consumerism”, and sets the stage for the potential for access to public spaces to be consumed, or purchased. Finally, Klingle underscores this...
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...following the Stock Market Crash of 1929, which he failed to foresee, but he soon recouped. At Keynes's death, in 1946, his worth stood just short of £500,000 – equivalent to about £11 million ($16.5 million) in 2009. His first prediction was a critique of the reparation payments that were levied against the defeated Germany after WWI. Keynes rightly pointed out that having to pay out the cost of the entire war would force Germany into hyperinflation and have negative consequences all over Europe. He followed this up by predicting that a return to the prewar fixed exchange rate sought by the chancellor of the exchequer, Winston Churchill, would choke off economic growth and reduce real wages. The prewar exchange rate was overvalued in the postwar damage of 1925, and the attempt to lock it in did more damage than good. On both counts, Keynes was proved right. (For related reading, see War's Influence On Wall Street.) Giants Of Finance: John Maynard Keynes February 13 2009| Filed Under » Economics, Futures...
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...University of Phoenix Material Fifties and Sixties Culture, Consumerism, and the Economy Matrix Student Name: Keyiana Moye Section 1—Economic Miracle. Create a matrix overview of the economic expansion following World War II. Select five of the following topics to shape a response, and explain their significance to American history: Dwight D. Eisenhower, Adlai Stevenson, The Fair Deal, Nuclear Power, Government Spending, Suburbs, The Modern West, Keynesian Economics, Corporate Consolidation, The Postwar Contract, AFL-CIO, Antibiotics, The Salk Vaccine, DDT, Television, UNIVAC, Interstate Highways, Paul Samuelson |Topic |Significance for American History | | | | | | | | | | | ...
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...[pic][pic] [pic]Copyright © 2005 West Chester University. All rights reserved. College Literature 32.2 (2005) 103-126 [pic] | |[pic][pic][pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | |[pic] | | | | | | | | | | | | | | | | | | | |Access provided by Northwestern University Library ...
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