Objective 12.03 Identify and assess the impact of economic, technological, and environmental changes in the United States.

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Presentation transcript:

Objective Identify and assess the impact of economic, technological, and environmental changes in the United States

WIN Whip inflation now/ Ford’s plan to solve the problem of stagflation

Stagflation Inflation and high unemployment combined

NAFTA North American Free Trade Agreement

Department of Energy Set up by the National Energy Act/ President Carter/ search for alternative energy sources

Airline Deregulation Took away regulations concerning price of airline travel, meant to make airline travel more competitive

Three Mile Island Nuclear reactor melt down

Energy Crisis 1973, associated with the politics of oil

Solar Energy Alternative Energy Source, gaining power from the sun

Supply side Economics Economic theory of cutting taxes and government spending to spur economic growth

“Trickle Down Theory” Economic theory of the Reagan administration that tax incentives for businesses and industry would trickle down as benefits for workers

Internet Developed for scientific and mathematical research, home use comes about because of the development of the personal computer

National Debt The US government spends more than it takes in through tax revenue

NASDAQ Measures the buying and selling of stock, shows the performance of stock on the stock market

Challenger Disaster Space shuttle disaster, space shuttle blew after take-off