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Unformatted text preview: THE AMERICAN ECONOMY TODAY American Political Systems 9/28/10 Largest and most powerful economy in the world (but china is catching up)- A shift from industrial to post-industrial o A bi-furcated economy with the demise of many manufacturing jobs o Achieving the American dream may be more difficult o We may be missing a piece in the middle o Immigrants have probably stepped up When we think of the American economy we have to look at it in different ways Stock Market : ways that we view the economy, a measure- Just play money cause it is just how we much we value corporations with the investments that we place to each Dow Johns : a collection of American largest companies- The big thirty- However the 1990s was great for some- BUT what comes up must come down Nasdaq : represents more of the new companies and new technology- Rose even higher in the 90s but fell even harder- 2001 the whole in both the world in NY and in the stock market wall street 1990s: huge turn for the better. Stocks way up!! - Did most gain from the stock market of the 1990s- NO 2001: the crash 2003: the recovery. Well not so fast 2004: economic growth literally crashed again when John Cary lost and bush went to war again....
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- Spring '10