1 / 5

JFK – Economic Policies

JFK – Economic Policies. Alvin Li & Timothy Law. Inherited problems. Inflation running at 3.5% Unemployment at 6.5 % Low economic growth. Policies implemented. 1962 – Trade expansion Act Revenue Act Increase in spending on defence & Space programs

bing
Download Presentation

JFK – Economic Policies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. JFK – Economic Policies Alvin Li & Timothy Law

  2. Inherited problems • Inflation running at 3.5% • Unemployment at 6.5% • Low economic growth

  3. Policies implemented • 1962 – Trade expansion Act • Revenue Act • Increase in spending on defence & Space programs • Encouraged further growth through federal spending • Reduction of taxes (1963)http://www.youtube.com/watch?v=1RKULm1E0f0&feature=related • Budget deficit increased

  4. Effects of policies • Unemployement rates dropped: 5.3% (1964) • GDP increased: 5.5% (1961-1963) • Inflation remained at about 1% • Industrial production increased: 15%

More Related