Stimulating the Economy By: Jackie Borzillo, Kelsey Silvius, Laurel Young

Intro/ history: –20s 1920s automobiles became the country's largest industry, led the way to other inventions. stock market crash of 1929 –30s Great depression –40s Government responsibility to maintain high employment, growth, and stable prices WWII (war time economy) –50s Korean War the government enacted few major policies economy was fairly good

Intro/ history: –60s LBJ building of the Great Society larger societal shifts, such as the evolving role of women in the economy and changing consumption patterns –70s Stagflation lingered throughout the 1970s: two recessions and the creation of price controls, floating exchange rates, and expanding global trade. Productivity slowed had terrible effects on the U.S. economy. –80s changing market structure and its effects on deregulation –90s Job insecurity led to economic insecurity.

Recent ( late-2008 financial crisis) often called the Global Recession, Global Financial Crisis or the Credit Crunch Is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.

Present day National level, the discussion moves to government budgeting and growth, employment, and inflation. America’s smallest companies add up to 50 percent of U.S. GDP. Nearly 60 percent of the private sector workforce is employed by the small- business sector The recession has technically ended as of April 5 th 2010

Evidence/ Statistics 2011 Ranking Economy GDP (US dollars) –1) United States 14,582,400 –2) China 5,878,629 –3) Japan 5,497,813 Inflation rate for the U.S. –3.9 % Unemployment rate in U.S (As of Oct/20/11) –9.0 Stock Market loses –2010 at , down 13% Our national debt is now 15 trillion –Interest is around 3.7 trillion Federal Budget deficit is around 1.3 trillion Federal spending is around 3.6 trillion

Recent Developments 2011 Super Committee fails to agree on deficit- reduction plan November 21,2011 Republicans and Democrats were unable to compromise on the tax and spending issues that have divided Congress Major topic for the presidential election 2 month payroll tax holiday passed by senate Also unemployment extension

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