The end of capitalism has begun. The world spirals deeper into an economic downfall which it will not recover from and it is all because of the capitalistic system. These beliefs were common, uneducated, public opinion on the economy during both the Great Depression and the Great Recession of 2008 (Bartlett, 2009). Although these pessimistic … Read more
When everyone thinks of a recession they think of the great 1930’s depression and the causes of it. However, just recently back in 2008 the United States also felt the effects of a recession that still lingers today. A recession is defined as a significant decline in activity across the economy, lasting longer than a … Read more
Ronald Reagan came into the oval office after a bad economic term by Jimmy Carter. Jimmy Carter left the office with high inflation, unemployment and interest rates. One of Reagan’s biggest goals he had for his presidency was to save the economy. Many people labeled his economic policy “Reaganomics”. With many new policies comes doubt … Read more
