The Economic And Political Challenges Of The 60s And 70

The economic and political challenges of the 60’s and 70’s have left a huge influence on the policies and actions of politicians today. From stagflation to the Vietnam War many politicians use these past issues to justify their decisions of today. One of the most influential economists who emerged in the sixties was Milton Friedman, who fought against the establishment’s Keynesian view and many of the policies of FDR. He won a Nobel Prize in 1976 for his work on monetary policy with specific beliefs in controlling the federal debt, keeping inflation low, and maximizing the benefits of the economy through a lassiez-faire market. His publications influenced many of Regan’s policies of deregulation and tax cuts and most of the economic policies of the modern Republican Party. One of the issues today that has been influenced from the 60’s and 70’s is the estate tax, which is a tax that is imposed on inheritances left by wealthy estate owners. It has been fought over for the past 15 years with one party wanting to raise it and the other wanting to abolish it completely. The economic policies and ideas of the sixties and Milton Friedman fuels a lot of the arguments on the issue of the estate tax. Milton Friedman was born in 1912 to Jewish immigrants. He earned his bachelors in mathematics at Rutgers in 1932 although after the great depression and the economic instability of the thirties he focused his masters on studying economics. (Encyclopedia of Economics) He became aShow MoreRelatedThe Long Run Economic Growth Of Society1526 Words   |  7 Pageslong run economic growth of societies is significantly related on their vulnerability and resilience to energy shocks. [1] An energy shock or in other words an energy crisis is an event that occurs when the price of energy resources is sharply increased affecting the supply of major consuming sectors such as the national energy grids and transportation. High energy prices can also result high unemployment rates and rising food prices. A very well-known example of such a crisis was the 70s oil shockRead MoreA High Level Assessment Of The Global Economic Outlook1109 Words   |  5 PagesA high-level assessment of the Global Econom ic Outlook will be provided in this section along with a Regional and a Country-specific Outlook. This macroeconomic view of environmental conditions will serve as the foundational element and will set the guiding principles to conduct in-depth industry and company-wide analyses. Global Economic Outlook According to the World Economic Forum’s Global Challenge Initiative, there is a generalized slowdown in emerging market economies, a lowering of commodityRead MoreThe Movement Of The Chicano Movement1412 Words   |  6 Pagesoccurred in the 60’s and 70’s came out during the same time of the Civil Rights Movement. It was about fighting for social, political, and economic justice for Chicano people. The issues that were highlighted in the movement were; restoration of land grant rights, fair treatment of farm workers, educational access and dismantling racial discrimination for Chicano youth, and pushing for voting rights. Common historiographies of the Chicano civil rights movement in the 60 s and 70’s center men as theRead MoreThe Black Of Black Ideology1434 Words   |  6 Pagesrelations and history as a whole. Nationalism The oldest of black ideology, autonomic mindset has been the default go-to when dealing with the injustices of a racial world. From the slave revolts of the 17th century to the black power movement of the 60’s-80’s, autonomy and nationalism have had solid footing in the minds of black people from the start. The universal values of black nationalism are unity, self-determination, and pride in one’s race. These are the core of all nationalist agendas, processesRead More‘Conservatism Favours Pragmatism over Principle.’ Discuss (45 Marks)972 Words   |  4 PagesConservatism, like many other political ideologies has many factions within it. Traditional conservatism, especially paternalistic conservatism very much favours a pragmatic approach. This is the belief that behaviour should be shaped in accordance with practical circumstances and goals rather than principles, beliefs or ideological objectives. However with the introduction of the liberal new right conservatism due to the conservative view of economic and social breakdown, things have started toRead MoreAmerica s Fiscal 2017 Budget1719 Words   |  7 PagesWhile oil represents about 7 percent of Louisiana s revenue, its budget structure is more complex than other oil-producing states -- and probably most simila r to Kansas in its budget woes, according to Leachman. Edwards s fiscal 2017 budget proposal includes dramatic cuts to virtually every part of state government: higher education, healthcare, the attorney general s office, and youth services. Some budget experts trace the start of Louisiana s revenue problems to the repeal of income tax increasesRead MoreA Country Risk Assessments, Mitigation Strategies And Analysis For Myanmar, Mexico And Turkey Countries1741 Words   |  7 PagesSUMMER 2015 CM 565 MANAGING INTERNATIONAL PROJECTS Assignment: Political and Economic Situation ___________________________________________________________ NOTE: Complete country risk assessments, mitigation strategies and analysis for Myanmar, Mexico and Turkey Countries are based considering Acme Overseas Contractors. 1. POLITICAL STRUCTURE AND POLITICAL RISKS IN EACH COUNTRY: (a.) Myanmar (Burma): Political Structure: Myanmar has been ruled by the military Junta from mid 20th century toRead MoreAfrican American Studies : The Matrix Of American Ethnic Studies972 Words   |  4 Pagesgrassroots student-led response to institutional racism in Higher Education. These students in the 60’s felt that African Americans’ narrative was not vocalized in Higher Education curriculum (115). Nathan Huggins would also include that African American Studies was indirectly fighting for social justice (116). Robert L Harris would argue that African American Studies can be traced back even further to the 1890’s when people were researching the Black Culture, but he would ultimately agree that African AmericanRead MoreGlobal Expansion As A Business Strategy1269 Words   |  6 Pagesthat they capture a bigger market share thus increase their sales revenue. However, it is widely recognized that global expansion is not without its challenges especially for small firms, and indeed uncertainties aroun d it have made many small businesses shy away. This paper will examine global expansion as a business strategy so as to determine challenges that may arise when a firm decides to go global and the necessary conditions that need to be in place before a business can decide to follow thisRead MoreAnalysis Of Sal Castro And Maria Tula s Hear My Testimony1698 Words   |  7 Pagesand demonstrated, through their own voice, first hand how characters identities were developed. These individuals were transformed because they faced realizations of larger political pictures. Cesar Chavez was a civil rights activist who organized the earliest Chicano movements. In an essay by Jorge Mariscal, Chavez’s political ideology is explained, â€Å"At its very core was the principle of ‘militant nonviolence.’...the phrase retains a commitment to social change but disassociates that commitment