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Stimulating the Economy. Eli Cohen, Clay Christmyer , Luke Mogle. The wealth and resources of a country, includes production and consumption of goods and services Touches every aspect of society. U.S. has mixed economy Mixture of free market, capitalism and government controls.
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Stimulating the Economy Eli Cohen, Clay Christmyer, Luke Mogle
The wealth and resources of a country, includes production and consumption of goods and services • Touches every aspect of society
U.S. has mixed economy • Mixture of free market, capitalism and government controls U.S. Economy
Fewer restrictions on big business • Cut taxes for businesses • Lower taxes • Less government control, “ free market” Republican Views
More restrictions on big business • Increased taxes on wealthy • More action by government to stimulate the economy Liberal Views
Rapid growth of industries and production • Low unemployment, roughly 4.2% • Federal spending was at $0.57 billion • Growth in new business, Bethlehem Steel, Planters Nuts and Chocolate Company and Harley Davidson etc. 1900’s
New business and production methods led to greater profits of businesses • Increased incomes • People willing to buy goods 1920’s
Cain Republicans plans to stimulate the economy in 2012
Obama Democrats plan to stimulate the economy in 2012