3-5 page power point between the years of 1980 and 1990

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User Generated

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gntyvsr08

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Economics

Description

For Milestone Two, you will research government fiscal policies as they relate to the 10-year historical period that you chose in Module One, and present the information in 3–5 new slides for your presentation. Be sure to read the Milestone Two Guidelines and Rubric to ensure you are covering the critical elements of this assignment.

To assist you with your Milestone Two presentation, use the PowerPoint templateprovided. Submit the presentation here. This milestone will inform your final project.

For additional details, please refer to the Milestone Two Guidelines and Rubricdocument and the Final Project Guidelines and Rubric document.

Please follow the instructions in this captioned video in order to submit your PowerPoint as a PDF with notes so that your instructor can view your speaker notes.

The ten year period I have decided to research for my final project is 1980-1990. The reason I chose this time period is because when researching all the different time periods this one intrigued me the most because when reading about it some of the elements sparked me and reminded me about the Stock Market Crash and the Great Depression and that is a time I enjoy learning about because so much was going on at once. This time period I felt was to a certain degree similar with that there was so much going on at once and that in particular is what keeps me interested. When reading about this it was said that the early part of the 1980’s the economy was going through a deep recession and some business bankruptcies had increased to over 50% than the previous year (State, 2017). Not only was it bad for businesses, more than 12 million Americans, which came to about 11% at the time, were jobless and those business failures were at the highest in 1982 since the Great Depression (State, 2017). Interest rates were on the rise, there was a decline in agricultural exports, and falling crop prices during this time, but continuing to read on by 1983 the economy was starting to recover (State, 2017). The inflation rate had stayed below 5% for the remainder of the 1980’s at the point (State, 2017). Ronald Reagan was elected into office, and he had an economic program to help, which it had to do with the supply side. It was a theory that was to push for lower tax rates so people could keep more of their income (States, 2017). When also reading on just a time line there was a few major events that were pointed out. The first point was in 1980, and it was that inflation had reached 13.5%. It said that, “Congress passes the Depository Institutions Deregulation and Monetary Control Act, giving the Federal Reserve greater control over nonmember banks and forcing all banks to abide by the Federal Reserve’s rules” (Economics, n.d.). The second point was from 1981 and it was about Ronald Region and his economic program, which I have already briefly touched upon. However, this point also was shared with another event which was how The Alaska Land Act had designated over 100 million acres as park and wilderness land which prevented exploration and development of Alaska’s mineral and oil reserves (Economics, n.d.). The next point jumps to 1987, this mentions how The United States Stock Market had plunged dangerously and how the chairman, who as new at the time, Alan Greenspan calmed panic and made public statement that the Fed was going to, “Serve as a source of liquidity” to help support the economic and financial system (Economics, n.d.). The last point on the timeline is from 1989 and was, “Massive failures of savings and loan associations cost $160 billion, $124 billion of which is paid for with a bailout by the U.S. government (Economics, n.d.).

Resources

Economics USA: 21st Century Edition. (n.d.). Retrieved July 05, 2017, from https://www.learner.org/series/econusa/interactivelabs/economic-timeline/

State, U. D. (2017, May 31). What Happened to the American Economy in the 1980s? Retrieved July 04, 2017, from https://www.thoughtco.com/us-economy-in-the-1980s-1148148

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Policy Actions Critical Elements Fiscal Policies Needs Improvement (75%) Examines the fiscal policies in place at the start of the specific time period, but does not relate this to their effects on macroeconomic issues, or does not provide information in speaker notes Analyzes new fiscal policy actions Analyzes new fiscal policy actions undertaken by the U.S. undertaken by the U.S. government throughout the time government throughout the time period by describing their period, but does not describe intended effects, uses their intended effects, does not macroeconomic principles to use macroeconomic principles to explain the actions, and provides explain the actions, or does not information in speaker notes provide information in speaker notes Proficient (100%) Examines the fiscal policies in place at the start of the specific time period in relation to their effects on macroeconomic issues, and provides information in speaker notes Does not analyze new fiscal policy actions undertaken by the U.S. government throughout the time period Not Evident (0%) Does not explain the fiscal policies in place at the start of the specific time period 30 Value 30 Guidelines for Submission: Your fiscal policies milestone should be 3–5 slides in PowerPoint, Prezi, Keynotes or PreZentit, not including title page and references. Be sure to include speaker notes to accompany all of your responses. Your reference list slide needs to be in APA format. Examine the fiscal policies in place at the start of your specific time period in relation to their effects on macroeconomic issues. For instance, consider level of government spending, taxation, subsidies, unemployment benefits, and so on. Analyze new fiscal policy actions undertaken by the U.S. government throughout the time period by describing their intended effects, using macroeconomic principles to explain the actions. Explain the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles. Specifically, the following critical elements must be addressed: Continue your observation of the 10-year period selected for Milestone One, and research the fiscal policies implemented during those years. ECO 202 Milestone Two Guidelines and Rubric: Fiscal Policies Comprehensively explains the impact of the new fiscal policy actions on individuals and businesses within the economy by integrating the macroeconomic data and principles, and provides information in speaker notes Submission has no major errors related to citations, grammar, spelling, syntax, or organization Fiscal: Impact Articulation of Response Explains the impact of the new fiscal policy actions on individuals and businesses within the economy, but is not comprehensive, does not integrate the macroeconomic data and principles, or does not provide information in speaker notes Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total Does not explain the impact of the new fiscal policy actions on individuals and businesses within the economy 100% 10 30 Presentation Title Your Name ECO 202 Instructor Name ECO 202 Fiscal Policy This rubric element wants you to look at the policies in place at the start of your chosen decade. • You will need to provide details on the policies and examine how they were related to macroeconomic issues at the time. Your slide(s) on this will highlight the key points and your speaker notes will add the explanatory detail needed. • You may need to take a peak at what was happening in the years leading up to the start of your decade. • Your work here should include scholarly research which you can best find information on specific fiscal policies, search by President instead of by years – start with these sites: • Congressional Budget Office • White House website • Economic Report of the President (from FRASER, which has many other great resources) • National Bureau of Economic Research ECO 202 Fiscal Policy Actions This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. • You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. • Then, use our macroeconomic principles and models (like the AD-AS model or Keynesian consumption function) to explain why the action would lead to the outcome desired by the government. • Keep the main points (and any use of graphs to show the economic models) on the slide and use the speaker notes to add full explanation. • Scholarly research is required here as well - this may overlap with research from the previous element, as appropriate. Please utilize those same resource links and our Shapiro Library. ECO 202 Fiscal Policy Impact After looking at what the government set out to do and why, you will now examine if it actually worked. • You will look at the macroeconomic data (which you already gathered in milestone one) to see if policy actions achieved their goals. For instance, if President Johnson's "War on Poverty" aimed to reduce poverty in the U.S. and, in doing so, create a stronger economy. With less poverty, we should see increased consumption and higher growth rates. • Keep in mind that there may be times when the government misread the economy and implemented a policy that had unintended effects so its important to compare what was observed after the policy in the macroeconomic data to what the policy objectives were. • Also, consider how individual households and businesses were impacted by the policy decisions. For example, if taxes were lowered, did people spend more money? Did they save more money? Which group(s) of people received the tax cut? ECO 202 References • Include references in APA style. • For help with what in-text citations and reference listings should look like in a PowerPoint, refer here. ECO 202
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Explanation & Answer

Attached.

Fiscal Policies

N A M E O F S T U D E N T:
NAME OF PROFESSOR:
COURSE TITLE:
D AT E :

Fiscal Policies
 There are various policies which were at play in

America from 1980-1990.
 The Depository Institutions Deregulation and
Monetary Control Act (1980) is among the policies
which were put in p...