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Week 7 HIS 135 ASSIGNMNET - Reaganomics burgeoning yuppies...

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HIS/135 November 20, 2011 Gaven Hodge
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Decade of Corporate Greed
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1) Gross domestic product grew on average 3.2 percent a year over a 25 percent growth in 8 years. 2) Median household income grew nearly 4,000 dollars. 3) Around 17 million new jobs were created during Reagan’s eight years. 4) Consumer price index in 1981 was at 13.5 percent inflation rate, and in 1989 it was at 4.1 percent inflation rate. 5) Mortgage rates in 1981 were at a whopping 18.9 percent, and were down by 1989 to 7.0 percent. Five areas of the economy from 1981 thru 1989
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“The 1980’s were a time of
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Unformatted text preview: Reaganomics, burgeoning yuppies, and the decade of the greed.” Matt Lauer-Many people believed that the decade of Reaganomics was of corporate power and greed. While there are some people that will argue that term. What I understood myself is that Reaganomics was about power, money, and helping America to grow economically even if it meant the president had to “milk the poor, to feed the rich”. I have References http://www.gvsu.edu/hauenstein/reagan http://www.mrc.org/cyberalerts/2003/cy http:// www.nationalcenter.org/WCT010804.ht...
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