Date post: | 05-Jan-2016 |
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A Changed MindsetFederal Intervention?
The Federal Govt. exists to help American People in distress
Many Federal Agencies Created
Deficit Spending to spur economic growth
Deficit Spending to help people
Loss of independence?Have we become
dependentIncreased taxesExpect too much from
government ?
The Wealthy pay more?
Raise Takes?
Keynesian Economic TheoryMacroeconomic theory
based on the ideas of 20th century British economist John Maynard Keynes.
Private sector decisions can lead to negative outcomes
Monetary policy actions by the central bank and fiscal policy actions by the government are needed to stabilize the economy
Mixed Economy – both Private and Government influence in the Economy
Government SpendingInterest Rate
AdjustmentsDeficit Spending may
be necessaryAnti-Laissez FaireExcessive Saving stifles
growth and recovery
Still in our lives Today…FDIC (up to $250,000)Social Security –
Money for the elderly, disabled and dependent children
Indian Reorganization Act – dedicated land for Indian tribes
Minimum Wage Laws
Tennessee Valley Authority(TVA) –
A series of Dams and Hydro Electric plants providing electric power to the Tennessee Valley
Security and Exchange
Commissions(SEC) - Regulates the Stock Market and Investment Practices.
National Labor Relations Act (Wagner Act)Worker’s rightsCollective Bargaining