Economic policies in the United States (1945-2000)
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The US economy has experienced three phases from 1945 to 1960. Economic growth has been lower than the rest of the industrialized world, and it is characterized by a tendency to stop-and-start again. This situation has led to an apparent decline in US with uncontrolled inflation, a weakened dollar, and a growing trade deficit.
Since the 1980s, the United States seems to have bypassed its dynamism and simultaneously reaffirmed its global hegemony. One must therefore examine the roles of economic policies, including fiscal and monetary policy, in such a development.
Can these policies be understood through the analysis of the relations of the United States with the rest of the world? The analysis will thus follow a chronological approach that characterizes the gradual shift in orientation towards a Keynesian liberal orientation.
The United States has grown expansively between 1933 and 1945 determined by the release of 192 and continuity in economic dynamism already present in the 1920s due to the spread of mass consumption. Between 1933 and 1945, the U.S. growth was around 8-9% per year, while other countries were receding with the after effects of the world wars.
American power is well established with huge gold reserves by nearly 70% of global gold reserves. It is a creditor country , because it lends itself to allied countries. But after the war it is difficult, because the war economy meant the control of prices and wages, a massive mobilization to the workforce, with overtime, the arms industry by motor branches.
The sluggish U. with S. economy had generated a reaction in the 1960's with Kennedy embodied a more proactive approach in economic matters. This commitment is reflected in economic policy to regain strong growth.
In addition, the new economics is a response to the social question that appeared more clearly in the 1950s with the great movement of the claims of the black community started by the end of McCarthyism which led to a large black electorate, which weighed on elections.
Tags: Economic policies of the United States; a global hegemony; analysis of the relations between US and the world