Film Note-Capitalism Hits The Fan

Film Note-Capitalism Hits The Fan - Tomika Levi 3516747...

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Tomika Levi 3516747 Film: Capitalism Hits The Fan br Historical framework of this crisis 1820-1970 Every decade the American working people enjoyed a rising level of wages, even in the great depression if wages went down prices went down further Rising standard of living became normalized 1970 stop no rise of wage never resumed Suggestion of what this economy crisis is NOT: -financial -temporary -easily/ quickly fixable (1930’s Great Depression 1929-1939 monetary and fiscal policies which did not work, change in society called world war two got us out (1989 Japan had a downturn and has still not emerged even with the attempt of monetary and fiscal policy Why did the wages stop going up? -Technical change in which business replaced worker (computer) -American business was out produced from Japan and Europe after the war. America was the competitor to beat so you had to produce better or cheaper and that’s what they did. IF YOU CAN NOT BEAT THEM JOIN THEM. Outsourcing of jobs was a way to
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This note was uploaded on 02/12/2010 for the course SOC 152 taught by Professor Baldwin during the Spring '07 term at UCSB.

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Film Note-Capitalism Hits The Fan - Tomika Levi 3516747...

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