Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Research Paper:
As a result of the draft, the unemployment rates which had been at record low levels, was able to right itself. Once again, the U.S.'s industry-based economy was able to flourish with new needs to produce and manufacture goods and products to be used globally. The secular tendencies in economic policy responsible for this revival would be continued for several years to come.
Predictably, the end of fascism which concluded with Adolph Hitler's defeat in World War II (in 1945) brought about the reign of a new international terror: communism. The "red scare" would be utilized both domestically and abroad to fuel United States economic interests that would prove influential to the country's history. The relation of the United States' capitalist attempts to combat communism can again be traced back to its central bank, the Federal Reserve System, if not in actual case of point then at least symbolically, since the reserve system engendered the capitalist way of life which communism was allegedly threatening. The defending of capitalism and the eradication of communism were responsible for much of the economic boom of the United States during its post-World War II years.
A political issue highly influential to the state of the U.S. economy during this tenure was the Cold War fought against the Soviet Union, which was the chief propagator of communism throughout the war. As the latter attempted to extend its "Iron Curtain" to envelop as many nations as possible, the United States had cause to engage in many military and political encounters throughout the globe, such as the Korean War, the Cuban Missile crisis, and the more direct Cold War with the Soviet Union itself. Each of these engagements offered fresh attempts for industry to provide munitions, weapons, and other viable products which helped aid the United States economy.
The result of these attempts to preserve a global system of capitalism not only included the surging of the economy due to the manufacture of industry, but also provided for and encouraged the fostering of international trade on a global stage. This commitment to free enterprise was typified by the Anglo-American agreement, in which the United States and Britain discussed the planning and implementation of a world-wide economy, as the following quotation readily indicates. "The Anglo-American agreements established rules for a relatively open and multilateral system of trade and payments, but they did so in a way that would reconcile openness and trade expansion with the commitments of national governments to full employment and economic stabilization (Ikenberry, 1992, p. 1)." The post-World War II economic boom was due in large part to the United States efforts' to combat communism (by waging the Cold War), so that its free-enterprise could be established in a global market -- all of which would buttress its centralized bank, the Federal Reserve System.
Perhaps the most significant manifestation of the proposed global economy which the Anglo-American agreement planned can be evidenced from the usage of the World Wide Web, which links millions of people at the touch of a button and has provided for the U.S. economy -- and several of its workers -- instantaneous global access. In the final epoch of American history, which details the time period from 1976 to the present, the U.S. economy is decidedly secular. An important sociological impact of this situation is that the earning potential for United States laborers has certainly increased due to the internet's pecuniary capacities, which the following quote strongly supports. "…we use data from the Current Population Survey to examine the impact of Internet use on changes in earnings over 13-month intervals at the end of the "Internet boom." Our analyses reveal robustly significant positive associations between Web use and earnings growth, indicating that some skills and behaviors associated with Internet use were rewarded by the labor market (DiMaggio and Bonikowski, 2008, p. 1)."
Despite the positive connotations for the American economy and the laborers whose earnings help support it, one of the most important ramifications of an internet-based economy may be seen in the so-called "dot com" crash of the early 2000's, which directly impacted the real-estate decline a few years later. The "domino effect" of the pit falls of these industries precipitated the banking crisis a few short years later, when national banks were being bought out and supported by the federal banks which are manifestations, of course, of the Federal Reserve System. This propagation in which diverse industries cause one another to suffer comprises the current recession this country is in today. Again, it is of no minor significance that the Federal Reserve System is at the center of this maelstrom.
In conclusion, a through analysis of the various epochs in the history of the U.S. economy denotes that the founding of a central bank in the United States -- the Federal Reserve System -- has had a substantial impact on the disparate economic climates of this country's history. An equally thorough analysis of the constitution of that central bank (detailing how it operates, who exactly runs it, where its initial funding came from and so forth), would be required to understand exactly why these events have happened. Several theories abound as to the ownership of this particular financial institution, and have linked it to some of the oldest banking magnates across the world. Such an examination however, can not possibly be encompassed in the scope of the history of the United States economy, and requires its own separate deconstruction. The findings of course, would doubtlessly impact the present and future development of the U.S. economy.
Rockoff, Hugh. (2008) "U.S. Economy in World War I." In Robert Whaples (Ed.), EH.Net Encyclopedia. Retrieved from http:/ / the.net/encyclopedia/article/Rockoff.WWI
Ceccheti, Stephen (1998) "Understanding the Great Depression: Lessons for Current Policy." In Mark Wheeler (Ed.), The Economics of the Great Depression.
Kalamazoo, MI: W.E. Upjohn Institute for Employment Research.
Ikenberry, John. (1992) "A World Economy Restored: Expert Consensus and the Anglo-American Postwar Settlement." International Organization 46 (1), 289.
DiMaggio, Paul, and Bart Bonikowski. (2008) "Make Money Surfing the Web? The Impact of Internet Use on the Earnings of U.S. Workers." American Sociological
Review 73 (2).
Greenberg, Kenneth. (1978) "The Civil War and the Redistribution of Land: Adams County, Mississippi, 1860-1870." Agricultural History, 52 (2).
Cohen, Raymond. (1995) "A Comparative Analysis of European Immigrant Streams to the United States during the Early Mass Migration." Social Science History, 19
Delong, Bradford, and Andre Schliefer. (1991) "The Stock Market Bubble of 1929: Evidence from…[continue]
"United States Central Bank The" (2011, May 09) Retrieved October 21, 2016, from http://www.paperdue.com/essay/united-states-central-bank-the-44482
"United States Central Bank The" 09 May 2011. Web.21 October. 2016. <http://www.paperdue.com/essay/united-states-central-bank-the-44482>
"United States Central Bank The", 09 May 2011, Accessed.21 October. 2016, http://www.paperdue.com/essay/united-states-central-bank-the-44482
USA Business Cycle This report will focus on the business cycle of a country of the author's choice, that being the United States of America. The author chose that country because it is one of the most scrutinized and analyzed countries in the world and the data for it is readily available. More than a dozen metrics will be looked at for this report. In order, they will be real gross
United States Federal Reserve System: The Federal Reserve System or the Fed was established by President Wilson in December 1913 to promote the development of a stable, flexible, and safer financial system in the country. President Wilson enacted the Federal Reserve Act, which was a conclusion of the findings of a commission that was mandated with the task of examining the 1907 severe bank panic. Since its inception, the Federal Reserve
Through these functions the federal system the Federal Reserve System manages the money supply in the U.S. leading to maximum employment, and stabilizing of prices hence preventing deflation or inflation. It stabilizes the financial system and contains any systemic risks that can come up in financial markets. Impact of interest rates on the U.S. And the global financial environment A change in interest rates impacts the U.S. And Global financial environment
United States History 1492-1865 Q.1) Why was it necessary to change the Articles of Confederation? Drawbacks of the Articles of Confederation Under the Articles of Confederation, the Congress was given charge of many affairs such as making decisions about war and peace, regulating the postage system and the currency, settling disagreements between various states, conducting foreign affairs, and managing the western lands. Nevertheless, in spite of this authority, the Articles of Confederation did
Instead of the "invisible hand" of the market creating an money supply/interest rate equilibrium, the Chinese government is doing so by requiring banks to hold more deposits on their balance sheets. China's announcement will likely affect interest rates quite dramatically in that banks will have more cash on hand to help pad their balance sheets while the money supply stays relatively low. This helps to keep the potential for inflation
Under the arrangement, moreover, a country with efficient production and a favored competitive position (including as enhanced by new capital goods) is rewarded with rising income and reduced unemployment. No grand scheme of state or international planning and direct control is required. Exchange rates are for the most part fixed under the classical gold-flows mechanisms (say, $/£ const. within fixed limits), as stated, and adjustments to trade imbalances
The U.S. Drug Enforcement Agency has stated that up to 50% of the heroin coming into the United States passes through Nigeria. Concern over progress towards democracy -- that Nigeria is backsliding towards military dictatorship, and human rights violations. In specific terms, the strategic importance of Nigeria from U.S. perspectives lies in the country's economic, political and military power (which) has provided some anchor of stability for the region. If the