https://padlet.com/nlynch47/2u8sqwisx9mjah06 How Does Each Decade impact the Next? en-us 2021-04-05 12:12:49 UTC 2022-04-26 03:54:58 UTC hello@padlet.com https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156745153 I would conclude that 2000-2007 was an era of lesser government intervention, stagnant wages, and rising college and housing costs resulting in greater economic inequality. The decade before was one of prosperity while the years after experienced a recession caused by a lassiez-faire approach. ]]> 2022-04-25 15:09:54 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156745153 ch1006071 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156746499 This song shows the economic struggles of immigrants coming to America. During the 1920's, there was hatred and fear of immigrants due to Red Scare. This caused acts to form like the Emergency Quota Act of 1921 and the Immigration Act of 1924. Not only was it hard for immigrants to gain opportunity, but farmers also delt with a large recession early on in the decade, and struggled to keep their businesses running.]]> 2022-04-25 15:10:31 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156746499 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156797216 A healthy economy has low unemployment rates and income inequality as well as a high GDP supplemented by a reasonable amount of inflation.]]> 2022-04-25 15:35:13 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156797216 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156817027 The song "Death to my Hometown" by Bruce Springsteen describes my decade as it accuses the American government of not preventing the 2008 recession which greatly harmed the working class. He explains that while "no bombs fell from the sky" it "destroyed our families" by removing societal opportunity. Springsteen points the blame towards corporations and rich Americans who did not intervene, "whose crimes have gone unpunished" and "walk the streets as free men."]]> 2022-04-25 15:45:12 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156817027 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156846687 After learning about the economic conditions in the 20th Century, I think that the many technological advances have really shaped America today. With Steve Jobs' invention of Apple and the discovery of the internet, there is a clear shift in the economy during this time. The 20th Century brought less government involvement, but more economic growth which is still prevalent in modern day. Without the many inventions during this decade, our identity as a country would be so different than it is today, as we rely on this advanced technology for many forms of communication and work. ]]> 2022-04-25 16:00:45 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156846687 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156846973 Necessary factors to maintain an economy are diversified industries which are profitable, a self-replenishing and hard working labor force, and a financially competitive environment.]]> 2022-04-25 16:00:54 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156846973 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156851204 Government involvement greatly impacts the heath of an economy. When intervention is used to reduce inequality with equalizing opportunity, the average citizen benefits and the economy improves. When a lassiez-faire stance is taken, corporations are given more freedom which usually leads to the exploitation of workers or consumers. ]]> 2022-04-25 16:03:11 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156851204 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156855660 A healthy economy consists of a government that's not too heavily involved, but also not completely absent. The citizens have the rights to own private businesses and buy from whoever they want, but it is also regulated enough that there is not corruption. An example of an unhealthy economy is the economy during the Great Depression, as the employment rates were extremely low and the gross domestic product was extremely low. A healthy government needs enough supplies to meet the demand, as well as enough people to gain profit and work to improve the economy.]]> 2022-04-25 16:05:36 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156855660 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156868884 There are many factors that go into the formation of a healthy economy. The workforce needs to be motivated and self-driven, and the consumers need to be willing to buy from not just the biggest companies, but also the smaller and newer businesses. The government's priority needs to be the well-being of the citizens, and they need to remain cautious of the pendulum and the momentum that is still existent from past actions. ]]> 2022-04-25 16:09:32 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156868884 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156922690 With less government intervention, the 2000-2007 period resulted in greater economic divide, and this caused conflict between many groups and specifically minorities. Because we as a country rely on the advancements of technology, our economic divide has been detrimental to the countries health as a whole, and a recession would be extremely costly. ]]> 2022-04-25 16:38:44 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156922690 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156924001 WAR
"After the end of the war I want to devote myself
To my thoughts for five to ten years and to writing them down
War has caused unrest among the younger generation
Induction then destruction, who wants to die?
Wars come and go what remains are only the values of culture"

The 1940's and more specifically the time after World War II people were struggling to go back to their normal lives and the economy was extremely damaged. Bruce Springsteen captures the difficulty to return to normal after war times. ]]> 2022-04-25 16:39:28 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156924001 sl1003118 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156931171 The economic conditions during the 20th century were constantly fluctuating and changing. While in one decade the economy may have been doing really well and there would be less government involvement, the next decade the economy would be the complete opposite and more government involvement would be needed.]]> 2022-04-25 16:43:16 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156931171 sl1003118 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156936116 A healthy economy serves all of its citizens, with low unemployment rates, less inflation, etc. Because the economy is doing well, the government is less involved, creating more freedom within businesses and people.]]> 2022-04-25 16:46:05 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156936116 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156940888 A healthy economy means balance. Nothing too involved, but the government isn't stepping back completely. Regulation is important, so keeping inflation at a stable rate and a healthy rate for the countries economy is also important. Making sure that the supply and demand is in check is also important, and imports and exports must be regulated. ]]> 2022-04-25 16:48:48 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156940888 sl1003118 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156941373 In order for there to be a healthy economy, there needs to be good leadership within the country, citizens need to be productive and motivated to create businesses and more opportunity within the country. The government should be involved to the extent of helping citizens lacking resources, but uninvolved enough for there to be freedom within the economy.]]> 2022-04-25 16:49:05 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156941373 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156945302 Necessary factors for a healthy economy include industrial diversity, a motivated labor force, and having the governments priority be their citizens. ]]> 2022-04-25 16:51:21 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156945302 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156952517 Government involvement impacts the economy and its health because with too little involvement, chaos is bound to find its way into the economy, but with too much people don't have the autonomy to create and find new solutions to advance technology. ]]> 2022-04-25 16:55:20 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2156952517 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157225832 Many different conclusions can be drawn, but something that stuck out to my group was how the conditions shifted frequently. There would be part of a decade where the government wasn't involved and the country was modernizing and experiencing an economic boom, but also was filled with corruption. At this point the government would get involved, this caused the economy to not do as well with more guidelines. The last phase is then when the government steps back again and the whole thing repeats. During the 20th century the economy had points in time where it was absolutely thriving, and points in time where is was at its worst ]]> 2022-04-25 19:28:14 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157225832 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157241874 A healthy economy is one that is growing and booming, one that deals with low unemployment and poverty rates, and an economy that doesn't have high levels of inflation. ]]> 2022-04-25 19:37:07 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157241874 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157246582 Having a high GDP (gross domestic product) means the economy is growing, therefore a high GDP is necessary for a healthy economy. Another thing thing a healthy economy needs, is to be stable, it can't just have moments of being good, it needs to be stable in its status. ]]> 2022-04-25 19:39:46 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157246582 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157247209 Government involvement, whether it's too much or too little, will always impact the economy and its health. If the government is too involved and is controlling the economy, it will be a lot harder to produce goods, give/do jobs, and find people to buy. If the government isn't involved at all and gives too much power to citizens, that can result in conflict and an imbalance in power. Both extreme degrees of government involvement can be extremely dangerous, so it is important to find that perfect, healthy medium.]]> 2022-04-25 19:40:16 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157247209 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157272062 The government effects the economy in many ways, from being very involved setting laws and regulations to not being involved. Sometimes government involvement can help the economy's health and increase the GDP and other times the government laws can cause great amounts of harm to the economy. ]]> 2022-04-25 19:58:48 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157272062 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157284993 Bruce Springsteen- Better Days
"These are better days baby
These are better days it's true
These are better days
There's better days shining through
Now a life of leisure and a pirate's treasure
Don't make much for tragedy"

Life in 1950-1965 was very happy and prosperous for many people. World War II had just ended and the economy was booming. Home ownership rates rose, over half of families owned cars, televisions, and washing machines, jobs were better, and industries were producing mass amounts of product. Americans controlled almost 40% of the world's wealth, and the majority of people could afford a middle class life. In Bruce Springsteen's song he talks about the "better days," which describe the optimism of this time and the fact that the war had just ended. He sings about a "life of leisure," which many people fulfilled. Overall, this song is very positive and cheerful which very accurately describes 1950-1965. ]]> 2022-04-25 20:08:01 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157284993 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157294547 The economy had also begun to suffer int he early 2000s as the government had little regulation in the markets. This caused the housing of prices to increase: leaving many people without homes. Since household income had not increased along with he housing price, it became very difficult for American families to stay afloat. The economic conditions of America did not seem too good, as during this time there were many wars and terrorist attacks that would effect the economy(9/11:closing the market). All of this would come to its absolute worst when there was the Great Recession of 2008. However I realized in the later 2000s the increase in technology impacted the economy. Many daily things could not be achieved without technology: teaching(smart board), zoom, etc. An in crease in technology helped the economy as there was more products and jobs being built.]]> 2022-04-25 20:16:13 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157294547 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157314413 A healthy economy is one that is not completely reliant ont he government, but still experiences some type of intervention to prevent any possible monopolies or exploitation of Americans. A healthy economy should serve the citizens/benefit us. An example of a healthy government was the 1990's: where many jobs were being created(benefitting the people), improved quality of work, government involvement(no exploitation), and a surging stock market.]]> 2022-04-25 20:29:46 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157314413 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157318467 In order to create a healthy economy there has to be a strong and solid base: businesses that are profitable, safe for Americans to work at, and well governed. Not only do businesses play a role int he economy, but citizens do too: as they control what is put in mass production(due to mass consumption). It is also important that the economy has no monopolies(big businesses) that remove any competition: the economy grows when there is more competition.]]> 2022-04-25 20:33:37 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157318467 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157326230 The economy is greatly impacted by the government. This is seen through bills as laws that the government enacts in order to put regulations on businesses. Although he government often uses intervention as a form of safeguarding Americans and the economy, it often negatively effects the economy, as it leads to less innovation and higher consumer prices. However, when the government doesn't get involved it can have an equally taxing effect: inflation and a decrease in GDP.]]> 2022-04-25 20:40:36 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157326230 ch1006071 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157330149 From the perspective of someone who researched the 1920's, I can see how my decade effected the 1930's, how the 30's effected the 40's, and so on. The economy constantly changes, and will continue to based on external factors of that specific decade. For the 1920's, there was a recession early on because of the previous conditions of the market during World War I, resulting in much government involvement. However, through the 1960's and 70's there was a lack of government involvement in taxes in energy causing inflation. This comparison illuminates the wide range of economic conditions through the 20th century. ]]> 2022-04-25 20:43:58 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157330149 ch1006071 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157338352 A healthy economy has a balance of government involvement and absentee. With too much of one, hardships can arise, shown in the pendulum model when it is at an extreme position. In a healthy economy, the pendulum should stay stable in the center, with high GDP levels, an average inflation and deflation rates, and low unemployment rates. ]]> 2022-04-25 20:51:04 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157338352 ch1006071 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157344171 For there to be a healthy economy there needs to be a satisfactory amount of natural resources and technology to sustain the appropriate amount of physical labor. There needs to be motivation throughout workers while the government prioritizes their safety and well-being. Most importantly, the economy needs to be prepared for obstacles and should be able to quickly arise from them with a balance of government involvement.]]> 2022-04-25 20:57:03 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157344171 sl1003118 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157345168 The government impacts the economy its health significantly, and this is seen time and time again throughout history. Typically when the government is not involved at all, people take advantage of this freedom and create businesses that exploit workers and contribute to the social class gap. However, if the government is too involved, people will eventually feel that their freedom is at risk and this also causes issues.]]> 2022-04-25 20:57:55 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157345168 ch1006071 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157358796 Government involvement always impacts the health of economy in a positive or negative manner. With less government involvement citizens can take advantage of their conditions and widen the wage gap between the rich and poor while exploiting the workers. However, with too much involvement citizens will feel constrained in their ability to gain money and protest.]]> 2022-04-25 21:11:56 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157358796 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157414450 A healthy economy contains moderate government intervention. With this level, there would be no extreme changes in GDP and inflation, due to the circumstances the country is currently facing. It should intervene enough to support its workers and citizens while still enouraging a healthy private sector and innovation within it. It should keep that same level of intervention at all times, regardless of the political party. ]]> 2022-04-25 22:17:50 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157414450 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157420590 A healthy economy revolves around a steady growth in GDP. With this, the government has the abliity to interviene moderately, and create leniency for innovation. A solid and monopoly free workplace should be available while still allowing for competition. Motivation and high pay should be rewarded for those who work hard, while also suppliying those economically disadvantaged with resources to succeed in a highly competitive economy.]]> 2022-04-25 22:26:49 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157420590 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157430089 Despite many events throughout the 20th century, one conclusion that sticks out the most is that while the government helped the economy on numerous occasions, they have also hindered it. The government could be seen supporting the economy like in the 1980s when Congress cut the top tax rate and allowed the GDP to grow. However, the government hindered the economy at times, like during the Vietnam War when the increased war spending later led to inflation. Events like these show that the government isn't perfect, but it still does its job to ensure economic growth when needed.]]> 2022-04-25 22:39:12 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157430089 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157444505 Government involvement is perhaps one of the largest determining factors for the health of the economy. Without moderation, buisnesses could suffer from a lack of innovation and freedoms could be surpressed, but if lacking it could lead to exploitation and monopolies.]]> 2022-04-25 22:58:05 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157444505 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157453363 A healthy economy can have a variety of factors, including but not limited to a prospering GDP, low inflation, plenty of jobs, and low unemployment rates. The government must also not be too involved to ensure the people are running the economy and helping when needed to avoid recessions.

An example of a healthy economy would be during the 1990s. There were plenty of jobs and increased productivity, while Clinton further improved this work efficiency and employment rates.]]> 2022-04-25 23:08:51 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157453363 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157455336 One of the largest conclusions that can be drawn is that the economy was rarely stable for a sustainable period of time. This was mainly caused due to the rapidly changing levels of government involvement. The government was too slow to act in times of economic conflicts, such as low growth in GDP and high inflation rates. As a result, the amount of intervention or lack therof does more harm than good and supresses an already recovering economy. One example of this is in the 90's and eary 2000's, where a thriving economy is laid back just to face a resession and large rates of unemployment.]]> 2022-04-25 23:11:41 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157455336 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157459184 To create a healthy economy, a government must oversee the economy during hardships to mitigate as many of the negative effects as possible and allow the economy to grow. In times like the Great Depression, the government made the right decision, involving itself by attempting to create more opportunities and implementing systems like the early form of Social Security. Today, the systems like Social Security benefit Americans across the country.

Meanwhile, Americans must be motivated to work and create businesses. Increased motivation and productivity will improve the quality of life and allow the economy to grow even quicker. For example, the motivation that led to Apple's success allowed new technology to be spread throughout the world, benefitting the economies of America and the rest of the world.]]> 2022-04-25 23:16:25 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157459184 ia1002894 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157465428 An overall conclusion I can draw about the economic conditions in the U.S. in the 20th century was that the government was not consistent with their involvement. Many times the government was heavily involved in the American economy, such as when Congress allowed for the GDP to grow and eliminated the highest tax rate around the 1980s. But there were also many times when the government was not involved in the American economy, for example in the early 2000s. Overall, the government went in and out of helping the American economy, and not being consistent sent many drawbacks and recessions to the American economy.]]> 2022-04-25 23:24:32 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157465428 ia1002894 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157467952 I think a healthy economy consists of an equal distribution of government involvement so they are not too involved, not too much or not too little, as seen in previous decades this caused many issues, but also a consistent intervention from the government. Not to mention, low unemployment rates so the majority is working in order to provide for themselves. Along with less inflation, higher GDP, etc.]]> 2022-04-25 23:27:57 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157467952 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157475652 It can be concluded that the economic conditions in the U.S during the 20th century have varied heavily depending on external and internal conflict, along with how heavily the government has been involved in the economy. During times of war, such as the 1940s and 70s/80s, the economy adapted to the war, and experienced changes in terms of unemployment rates, inflation rates, and other economic factors. During these times, the government became more heavily involved in the economy to regulate production and what Americans were buying and consuming. The economic conditions in the U.S sway heavily like a pendulum, and change depending on the things facing the country during a decade.]]> 2022-04-25 23:37:04 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157475652 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157476156 The government has a large influence on the American economy's health. The government ultimately has the power to fix/boost the economy when needed, if used correctly. For instance, the government can help to control inflation, unemployment rates, and working conditions. Working with those factors, a government could use their power to improve the economy. However, lack of involvement in factors like those can lead to a weakening economy.]]> 2022-04-25 23:37:33 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157476156 ia1002894 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157481771 Factors necessary to create a healthy economy include a strong leader, as well as a strong work force, and the government should be involved so much as they are there to help the citizens of the United States when necessary, but not too much intervention.]]> 2022-04-25 23:44:07 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157481771 ia1002894 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157488249 Government involvement in the economy has a major impact on its health. For instance, if it is too involved it may be harder for companies to manufacture and produce goods. If the government is really not involved, businesses and other major things are exploited with no regulation and unlimited freedom. Which is why it's important to have an equal and consistent distribution of government involvement. ]]> 2022-04-25 23:50:59 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157488249 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157497145 The U.S. economy in the 20th century was a time of immense turmoil, but also immense growth. The economic conditions were constantly shifting in a problem solution manner. For example, the period of stagflation in the 1970s (which carried into the 1980s) was difficult, to put it mildly, but it resulted in a Federal Reserve that could regulate taxes and prevent further crises as best as possible. Other recessions and periods of difficulty, whether economic (eg: housing crisis, stagflation) or not (eg: wars, 911), similarly resulted in lasting change. Change was the result of turmoil, so though there was hardship, it allowed the economy to experience net growth through the century.]]> 2022-04-26 00:00:06 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157497145 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157504097 A healthy economy is relatively stable (in terms of inflation rates), has steady GDP growth, low unemployment rates, and a smaller wealth gap, though some may argue that the wealth gap is more a moral issue than one regarding economic health. During times of good economic health, the government should not have to be involved, but they should be somewhat involved as a preventative measure for future crises, as seen with the prosperity following the Vietnam war and in the 1990s, both times of good health that ended up being followed by poor health.]]> 2022-04-26 00:07:49 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157504097 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157506521 Government intervention certainly seems necessary for a healthy economy. In times with too little intervention or regulation, the economy's health rapidly decayed. Regulation of inflation, in particular, is critical.

I'm also hesitant to say this, and it's more of a train of thought than a strong assertion, but historically it seems as though "recent hardship" is a necessary factor to create good economic health. It is what prompts the government to improve conditions.]]> 2022-04-26 00:10:08 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157506521 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157514088 The government impacts the health of its economy a lot, though not instantly. As seen with the transition from Carter to Reagan, a good president is critical to mitigate damage from crises. However, in that same instance, it can be seen that the government's policies take time to help. Reagan's entrance to office did not instantaneously solve the stagflation from the 70s, nor could any other president change the economy so quickly.]]> 2022-04-26 00:17:05 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157514088 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157547679 Throughout the whole century the pendulum was in constant swing, with each decade causing more problems that required adjustments for the next. The 20s prospered on a free market with little government support as the economy boomed following WWI, however, this lack of regulation would cause trouble for the 30s, as business's took advantage of workers, unemployment rose, and the the market crashed. It required extremely heavy government intervention to help the people back on their feet, and once unemployment was down and the production and jobs were on the rise from a war time economy in the 40s, the government was able to back off. These 3 decades are perfect examples for the economic conditions of the 20th century. The government allows the economy and GDP to grow from the free market, but then eventually they must step in to stop exploitation, rising unemployment rates and more. Upon that being fixed they can step back. This same pattern continues itself across the 20th century. ]]> 2022-04-26 00:42:26 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157547679 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157559484 A healthy economy shouldn't remain stagnant, but swing back and forth between government involvement and a free market. There almost needs to be an anticipation, something we dont see in the American economy. In the US economy, the pendulum swings back and forth with a delay. The recession occurs, unemployment rates increase, and then the government gets involved, only after the Great Depression sets in, or only after the bubble burst. A healthy economy would allow that open laissez faire style to take shape and grow the GDP and production, but then notice when a bubble is growing and when a recession is occurring and realize that workers are dealing with poor conditions, and then try to fix the problem then, before it gets out of control.]]> 2022-04-26 00:50:35 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157559484 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157571232 A healthy economy shouldn't only just include strong production and modernization, but also social services, housing, working conditions. When that pendulum is swinging, when that outside interference causes the pendulum to swing, its moving it over to an action from the government, whether that be to back up or take action. And you need both of those actions in a healthy economy. You need the corporations and the production and deals between nations, but you also need a minimum wage and regulation of housing interest rates and things to protect the people to. There need to be those regulations put in place to prevent the economy of America from turning into an economy at the expense of the American people]]> 2022-04-26 00:55:33 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157571232 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157584944 Government Involvement has one of if not the largest impacts on the health of the economy. The government is, or is supposed to be, the voice of the people, and their representation in the economy. The government is that response to the workers having unfair conditions, or housing rates increasing. The government is the only thing that has the power to stop the corporations and protect the people, so it has a huge impact on the economies health, as it's involvement is crucial to representing the peoples needs. That being said, we saw how multiple times in the 20th century, the economy began to grow stagnant under heavy government regulation, which in response, the government backed off and returned to a laissez faire approach. Therefore, the governments involvement, or lack there of in some cases, is crucial to maintaining the health of the economy and of the people. ]]> 2022-04-26 01:05:30 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157584944 dt1006019 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157591309 Some conclusions that I can draw about the economic conditions in the 20th century are there was less government intervention in that era. The economy grew with the rise of technology and new inventions. ]]> 2022-04-26 01:09:35 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157591309 dt1006019 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157593935 A healthy economy would be controlled by citizens with moderate government intervention, there would be low unemployment rates and equal pay.]]> 2022-04-26 01:10:53 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157593935 dt1006019 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157598768 Factors for a healthy economy would be less straining labor, helping the needy, and hard working citizens.]]> 2022-04-26 01:13:08 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157598768 dt1006019 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157604117 Government involvement impacts the health of the economy because if there is no involvement it would be out of control. With government involvement it is mantained, an example of this can be the Lassiez-faire.]]> 2022-04-26 01:17:04 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157604117 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157608565 We had the 30s for our decade, so we wanted a song that captured despair from the Great Depression, and this endless work that seems to be getting you nowhere. And then at the end we wanted to show some tie in to government involvement, regulation, and the FDR administration putting laws into place to help the people get back on their feet. 
"Parched crops dying 'neath a dead sun
We've been praying but no good comes
The dog's howling, home's stripped bare
We've been worried but now we're scared"
From the first verse the tone is already set as a dark wasteland, farmland, where people work but they dont see any prosperity from their work, because the crops are parched under the dead son. The people are out of jobs, in poor conditions, they're worried and home is stripped bare. 
"Rainmaker, a little faith for hire
Rainmaker, the house is on fire
Rainmaker, take everything you have
Sometimes folks need to believe in something so bad, so bad, so bad
They'll hire a rainmaker"
The people here put their faith in the rainmaker, the person who will make the crops grow again. This for us was a stand in for the government. The pendulum must swing, as the people need help, so the government must become involved and put out the house on fire.

]]> 2022-04-26 01:20:16 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157608565 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157610833 The U.S.'s economy in the 20th century varied radically throughout its growth process. During time of war (1940s and 1970-80s) the economy changed/adapted to best fit the current state of the country. These changes came in the form of unemployment rates, inflation, and other various economic factors. The government also took more initiative during these times because it needed to to keep the country afloat.]]> 2022-04-26 01:21:56 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157610833 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157613189 A healthy economy consists of a proper balance in citizen control and government control. Not too much power on either side but definitely not on the governments side. Also, very low unemployment rates and lots of job opportunity with little wealth gap. ]]> 2022-04-26 01:23:44 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157613189 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157614976 A functioning is extremely complex and has a lot of moving parts, but the main things would be hard working labor force, and a financially competitive environment.]]> 2022-04-26 01:25:08 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157614976 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157617077 The government severely impacts the economy with both action and inaction. By being too controlling, things fall apart, and when it doesn't show any support the same thing happens.]]> 2022-04-26 01:26:44 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157617077 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157627696 Throughout the 20th century, it seems that economic conditions shifted constantly. The driving factor of the inconstant economic conditions of the 20th century are mostly due to the governments short term involvements when needed. There were multiple times when the government became heavily involved, one example of this was during the great depression. The great depression was a time of great economic despair where many people lost jobs, houses, and money. The government became heavily involved by creating many work related regulations along with many new laws regarding money. On the flipside of things, the government was also not involved at times. An example of this was during the early 2000's when the government put a hand off approach on the economy to help it evolve.]]> 2022-04-26 01:34:59 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157627696 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157630698 Over all the economic conditions in the U.S. in the 20th century were unstable, and consistently changing. I can conclude that a common pattern shown throughout the decades of the 20th century is that when the U.S.  falls into a recession, the Government tries to become more involved in the economy, then when the economy stabilizes, the Government pulls away from the economy. It is also evident that technological advancements greatly impacted the economy as it created more job opportunities, which was especially useful when needing to improve the economy during recessions. ]]> 2022-04-26 01:37:16 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157630698 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157632440 I would conclude that the economic conditions were constantly changing and due to this the government had to adapt and change their level of involvement accordingly. The economy went from the Great Depression to significant wealth back to recessions, due to these constant changes and big differences between decades - the pendulum was always swinging and never stayed still in one spot. ]]> 2022-04-26 01:38:41 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157632440 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157634525 A healthy economy has government involvement that still allows for freedom within the economy and for businesses. It also allows for low employment rates and having a high GDP. It needs to be able to support itself and stay stale instead of constantly swinging back and forth. (pendulum)]]> 2022-04-26 01:40:22 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157634525 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157639029 Factors of a healthy economy are low unemployment rates, the government has to be working with businesses instead of working against them and all legislation should be in favor and helping American citizens and hard working people in our society. ]]> 2022-04-26 01:43:54 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157639029 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157641347 It's tricky because too much government involvement can result in anger from the citizens because they feel that their economy is being controlled, but not enough ends with chaos and economic damage. I think it's important for the government to take cues from what's happening in current day society (covid/war/ext..) and basing their involvement due to surrounding factors and the economic state of the country. ]]> 2022-04-26 01:45:49 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157641347 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157642262 In my opinion a healthy economy consists of a healthy distribution of government involvement and the peoples' involvement. A healthy economy can be so easy to break because even if the government becomes too involved, it can cause a shift in power leading to a shift in the economy. Finding that perfect balance of cooperation between the people and the government are the things that create a healthy and well oiled economy. An example of this is when unemployment rates increase, the government steps in to help the problem and once its fixed they go back to a hands off approach.]]> 2022-04-26 01:46:37 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157642262 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157642860 A healthy economy has government involvement that is consistent. It is notable that when there is too much, or too little, government involvement, the economy fails to remain stable. Therefore resulting in decreased employment rates and GDP, and increased inflation, which were very much evident during the Great Depression (1930s). However, a healthy economy. not only needs a balanced economy but also steady GDP, low inflation, and well distributed job opportunities. This is evident in the 1990s as there was moderate government involvement, increased job opportunities due to technological advancements, thriving GDP, increased productivity, and low inflation rates. ]]> 2022-04-26 01:47:05 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157642860 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157648448 Factors necessary to create a healthy economy include a government that is willing to listen to the people, willing to take action when needed, citizens willing to work, and the government involving themself when needed. The government isn't needed all the time and when creating a healthy economy there needs to be the healthy balance between the people and government. This cooperation helps give a boost to the country but more importantly the economy.]]> 2022-04-26 01:51:34 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157648448 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157652824 Government involvement is almost the complete deciding factor for a healthy economy. If the government is way too involved they will start producing only what they want and there will be un unpleasent shift for the people. On the other side of things, if the government isnt involved at all than that can cause issues too. If something bad happens to the economy and the people than it is the governments obligation to step in and fix this, but if they are too passive it will only continue to decline. There needs to be a healthy distribution of power.]]> 2022-04-26 01:55:07 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157652824 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157656125 There are several necessary factors that contribute to the creation of a healthy economy. For a country's economy to be healthy, employment rates and prices need to be stable and there needs to be evident improvement within businesses and corporations. For instance, there needs to be profitable businesses, that also open up job opportunities. Also, these businesses need to be adapting to societal changes. ]]> 2022-04-26 01:57:46 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157656125 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157669948 An economy's health can be greatly impacted by government involvement. Too much involvement, and too little involvement by the government can cause serious damage to the economy's health. When a government becomes too involved in the economy, productivity decreases within businesses and corporations as a result of citizens feeling trapped and limited to what they can act upon. However, when there is too little government involvement, the distribution of wealth becomes very evident as the wealth gap increases due to the exploitation of resources. Too little involvement also results in the government having to step in to fix the terrible situation the economy is in. So, in relation to the idea of a pendulum, too little and too much government involvement results in drastic and never ending swinging back and forth by the bob of the pendulum.]]> 2022-04-26 02:08:58 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157669948 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157689518 The 1990s was a time in which the U.S. economy was thriving, which opened up lots of opportunities for those that suffered during the recession at the beginning of the 1990s. We believe that Bruce Springsteen's "Leah" best represented the eagerness of those in the 1990s to achieve the success and stability they had been longing for. This idea is displayed well in the final verse of the song (shown below).

"I got something in my heart I been waiting to give
I got a life I wanna start, one I been waiting to live
No more waiting, tonight I feel the light, I say the prayer
I open the door, I climb the stairs"]]> 2022-04-26 02:24:37 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157689518 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157698992 This song tells the story of Vietnam War veterans returning home to a bleak version of America, and thus took place in the time period we covered (1965-1979). The lyrics often refer to one of the main characters not realizing how dire his situation is (mistaking quicksand for mere mud), paralleling the false sense of security and prosperity initially following the war. The song also references the economic situation at the time, stating that there is "nothin' left/ But some blood where the body fell/ That is, nothin' left that you could sell" and mentioning how there was no oil to be found, only blood, a metaphor in line with the energy shortages in the later 1960s and 1970s. Throughout the entire song, Springsteen speaks of a flood, similar to the imagery in the political cartoon we viewed that used a flood to represent inflation.]]> 2022-04-26 02:31:50 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157698992 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157711323 A healthy economy is one with a healthy amount of government involvement, one where the government is able to support the economy without negatively affecting it. A healthy economy would also include: low unemployment rates, a high GDP, and a normal rate of inflation. A healthy economy would experience economic growth, development, and freedom and feel all aspects are prospering.]]> 2022-04-26 02:41:28 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157711323 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157740179 Factors that are necessary to create a healthy economy include economic freedom, incentives for working, hard work, and competition within the economy. These factors lead to growth in the economy, and an increase in quality amongst products. These factors all contribute to a healthy and sustainable economy.]]> 2022-04-26 03:05:34 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157740179 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157754378 Out of Work, a song written by Bruce Springsteen, relates to the 1980s as it can be connected to the most important part of the economy during the time, the Reagan Recession. During his time Reagan cut taces and imposed budget cuts hoping to raise the GDP, but it came with side affect of unemployment rates spiking. In Out of Work, the lyrics are all about how this person is "out of work" and they "need a job" in "these tough times". They also call on "Mr. President" to take action even though they recognize that the President has got his plans.]]> 2022-04-26 03:17:09 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157754378 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157767586 The level of Government involvement in the economy can either greatly help it or hurt it. For example, during times of war, government involvement in the economy is necessary in order to keep the country running and to prepare it for war. Without any government involvement, monopolies arise, and workers are exploited. This is very unhealthy for the economy and is why there should be some government involvement in the economy to regulate it.]]> 2022-04-26 03:29:20 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157767586 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157773420 Government involvement has a massive impact on the health of the economy. Our government only takes action when it is deemed necessary. The government is able to fix the economy in times of crisis by getting more involved, but too heavy involvement or being fairly involved for a long time can lead to more problems. The government can't really find a balancing point of involvement, but no matter how involved there is impact on the economy. ]]> 2022-04-26 03:32:03 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157773420 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157774735 Economic conditions in the U.S. in the 20th century fluctuated constantly. At some points, such as the early 2000's, the government didn't get involved too heavily in the economy and let the economy grow independently with a laissez-faire approach. On the contrary, events such as the Great Depression led to more government intervention to combat poor economic conditions.]]> 2022-04-26 03:33:24 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157774735 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157776607 There are many factors necessary to have a healthy economy. One of the most important being a work force that is happy and motivated with their work. It's also important to have stable prices, with little inflation or deflation, and low unemployment rates.]]> 2022-04-26 03:35:23 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157776607 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157777825 A healthy economy would have high employment, low poverty, high median wages, a large GDP, and be constantly innovating. Additionally, the economy wouldn't be too reliant on the government or a specific type of resource such as oil.]]> 2022-04-26 03:36:38 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157777825 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157782923 Some factors necessary to create a healthy economy would be a large labor force, a competitive environment, good investment opportunities, social protections, and hard working people.]]> 2022-04-26 03:41:41 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157782923 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157784663 A healthy economy often comes with a healthy balance of power between a nation's  government and people. The American economy is often trying to keep the power with the people, which results with crisis, causing the government to step in and take control. There has been a lack of balance of power between the government and the people, shifting from one side to another. A healthier economy would have more stability, and possibly more anticipation of problems occuring. ]]> 2022-04-26 03:43:28 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157784663 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157786857 Too little government intervention could lead to increase poverty and hardship as well as less social benefits and workers benefits. Government intervention can sometimes help with keeping the economy afloat during a hard time. Too much government intervention can lead to inequalities and high inflation.]]> 2022-04-26 03:45:56 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157786857 https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157795653 The story of the U.S. economy throughout the 20th century was stability. The GDP, unemployment rates, prices, etc. were going up and down constantly. Along with this, the power in the country was constantly shifting between the government and the people. Overall, the ups would outweigh the downs in which can most likely be a cause of technology. New technology was one of the few constants throughout the century, as it was constantly bringing new jobs, safer environments, and something for people to work for. ]]> 2022-04-26 03:54:58 UTC https://padlet.com/nlynch47/2u8sqwisx9mjah06/wish/2157795653