All Flashcards
Who was Jimmy Carter?
US President who implemented trade initiatives in the late 1970s and early 1980s.
Who was Ronald Reagan?
US President who implemented trade initiatives in the 1980s and 1990s, including NAFTA.
Who was George W. Bush?
US President who implemented trade initiatives in the early 21st century.
Who was Barack Obama?
US President who implemented trade initiatives in 2009, including the negotiation of the Trans-Pacific Partnership (TPP).
Who was Donald Trump?
US President who implemented trade initiatives in 2017, including withdrawal from the TPP, the renegotiation of trade agreements with countries like Mexico and Canada, and the implementation of tariffs on a number of imported goods.
What were the causes and effects of deindustrialization in the US?
Causes: Automation, globalization, overseas job migration. Effects: Rust Belt, increased demand for higher education, economic inequality.
What were the causes and effects of the rise of the internet?
Causes: Technological advancements, government funding. Effects: New business models, social media, changes in communication and media consumption.
What were the causes and effects of the increased use of cell phones?
Causes: Technological advancements, decreasing costs. Effects: Instant gratification, less privacy, changes in social interaction and driving habits.
What were the causes and effects of Reagan and Bush (43) tax cuts?
Causes: Supply-side economics, belief in stimulating economic growth through tax reduction. Effects: Increased economic inequality, debate over their impact on overall prosperity.
What were the causes and effects of the failure of the minimum wage to keep up with inflation?
Causes: Political opposition, lack of indexing to inflation. Effects: Reduced purchasing power for low-wage workers, increased economic inequality.
What were the causes and effects of predatory loans from banks that targeted minority communities?
Causes: Racism, deregulation of the financial industry. Effects: Increased racial wealth gap, disproportionate impact of economic downturns on minorities.
When did the World Wide Web go public?
When was the iPhone first launched?
What was the significance of the 2008/2009 Great Recession?
A major economic downturn that had a significant impact on the US and global economies.
What was the significance of the creation of the Department of Trade?
Implemented a number of trade initiatives, including the creation of the Department of Trade and the negotiation of a number of free trade agreements.
What was the significance of the negotiation of the Canada-United States Free Trade Agreement and the North American Free Trade Agreement (NAFTA)?
These agreements helped to increase trade between the United States and its North American neighbors, and they helped to stimulate economic growth in the region.
What was the significance of the expansion of free trade agreements with countries in Latin America and Asia?
The Bush administration also supported the creation of the World Trade Organization, which helped to facilitate trade between countries around the world.
What was the significance of the negotiation of the Trans-Pacific Partnership (TPP)?
A free trade agreement with countries in the Asia-Pacific region.
What was the significance of the withdrawal from the TPP, the renegotiation of trade agreements with countries like Mexico and Canada, and the implementation of tariffs on a number of imported goods?
Marked by a number of significant changes in American trade policy.