HIS 135 Week 7 Assignment Decade of Corporate Greed

HIS 135 Week 7 Assignment Decade of Corporate Greed - from...

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By: Julia Collins HIS/135 The American Experience Since 1945 Instructor: David Diamond Axia College of University of Phoenix
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homeless goes up crime rates goes up low-income housing goes down Put low- skilled workers out of jobs. Deprived the needy of medical care. Hunger in urban and rural slums goes up
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18 million new jobs created. Periods of full employment. 70 % increase in Social welfare outlays.
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Work force tax revenues: average of $20 billion/year increase. Taxpayers: Top 10 % income bracket - paid 55 % 90 % of the taxpayers – paid 45 %. less than $20,000 a year earner 1980 - paid nearly 20 percent% of all taxes. 1988 – only paid 7% of all taxes.
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Corporate Contributions to charities 10% increase Inflation Outstripped by 6% Fuelled the longest economic expansion. Low inflation and interest rates. 96 months of continuous economic growth.
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Congress over-spending
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Unformatted text preview: from the tax collected. Budget proposal not followed. Federal government spent $590 billion . Reagan received full measure from the people. Political division People concept was politically influenced. Reaganomics received both positive and negative feedback. Reaganomics did not stint on social spending. Reaganomics increased the popularity worldwide . Applied not only in US but in some other countries too. References A BUM RAP. Richmond Times: http://proquest.umi.com/pqdlink? did=616012221&sid=1&Fmt=3&clientId=2606&RQT=309& VName=PQD Facta say Reaganomics worked. Times Picayune: http://proquest.umi.com/pqdlink? did=70233825&sid=4&Fmt=3&clientId=2606&RQT=309&V Name=PQD Lauer, M. ( December 31,2003). NBC Show Today as cited by Media Research Center's CyberAlert: http://www.mediaresearch.org/cyberalerts/2003/cyb20031231. asp...
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This note was uploaded on 04/21/2010 for the course BUSINESS M HIS/135 taught by Professor Daviddiamond during the Winter '10 term at University of Phoenix.

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HIS 135 Week 7 Assignment Decade of Corporate Greed - from...

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