End of Prosperity: The American Economy in the 1970's

Magdoff, Harry, Sweezy, Paul M.

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PRICE
FOR FREE
AUTHOR
Magdoff, Harry, Sweezy, Paul M.
DATE
ISBN
9780853454229
LANGUAGE
ENGLISH
FILE FORMAT
5,74 MB
FORMAT
FB2 EPUB PDF

BOOK DESCRIPTION

This is the second in the series of four collections of essays in which Paul M. Sweezy and Harry Magdoff, the editors of Monthly Review, set out as it took place the development of U.S. and global capitalism from the late 1960s to the "financial explosion" age of the early 1990s and after. This second set of essays constitute in their totality a probing analysis of the condition of the United States economy in the 1970s, immediately after the end of the "golden age" of capitalism. The authors concluded, correctly, that a new period had begun-"one of sluggish capitalist accumulation and unemployment in the advanced capitalist countries on a scale not seen since the 1930s."Magdoff, Harry is the author of 'End of Prosperity: The American Economy in the 1970's' with ISBN 9780853454229 and ISBN 0853454221.

...r of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial board and investment advisor Peter J ... The Economy in the 1970s Flashcards | Quizlet ... . Tanous to ... End of Prosperity book. Read reviews from world's largest community for readers. This is the second in the series of four collections of essays in which ... The Decade of Prosperity. The economy overall grew by 37% during the 1950s. At the end of the decade, the median American family had 30% more purchasing power than at the beginning. Inflation, which had wreaked havoc on the economy imm ... The economic boom and the end of prosperity - BBC Bitesize ... . At the end of the decade, the median American family had 30% more purchasing power than at the beginning. Inflation, which had wreaked havoc on the economy immediately after World War II, was minimal, in part because of Eisenhower's persistent efforts to balance the federal budget. Except for a mild recession in 1954 ... The period from 1950 to 1970 is often referred to as the Golden Age of American capitalism. Real per capita income grew in those years at 2.25 percent a year, and prosperity was democratized as ... But by the end of the 1960s, economic prosperity was being eroded by persistent inflation. The 1973-1974 Arab oil embargo pushed prices rapidly higher and created shortages throughout the United States. Even after the embargo ended, prices stayed high, fueling inflation and eventually causing rising rates of unemployment. The rest of the decade was characterized by spiraling inflation ... The Economy in the 1980s and 1990s In 1980, the American people expressed their discontent with the federal government's policies of the 1970s through the election of President Ronald Reagan. Reagan based his economic program on the theory of supply-side economics, which mandated reducing marginal tax rates to encourage people to work harder and longer. This in turn leads to more saving and ......