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      <title>Contemporary Issues in the American Economy  by Drew Coyne</title>
      <link>https://padlet.com/dcoyne2/495gkhawyl56</link>
      <description>Made with a little mischief</description>
      <language>en-us</language>
      <pubDate>2017-02-17 14:19:55 UTC</pubDate>
      <lastBuildDate>2017-03-21 14:58:05 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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         <title>First, think about the various issues that we have looked at in America&#39;s Economic History, from labor to new technologies.  Once you have found a period that interests you, find one current event / news story that relates to this issue from America’s past.  In that unique news article, you need to find one best quote that showcases that economic issue.  Include the person’s name, date, and also the link to the article.  Once you have done that, write up a brief response that explains how this issue connects with a historical period from our slideshow.</title>
         <author>dcoyne2</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/154588570</link>
         <description><![CDATA[]]></description>
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         <pubDate>2017-02-17 14:21:34 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/154588570</guid>
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         <title>&quot;In a lot of ways, intergenerational poverty is something that they inherited and that they&#39;ve lived with as part of a family tradition. I think part of that means they&#39;ve grown up with a certain resentment at rich people. But it also means that, for them, the upward mobility that a lot of folks experienced right after World War II was their first real taste of economic optimism, and I think that&#39;s something that really gave them a lot of hope. And ultimately, as I write later in the book, that hope didn&#39;t really materialize.&quot; --- JD Vance (NPR, 2016)</title>
         <author>dcoyne2</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/154591756</link>
         <description><![CDATA[<div><em>Mr. Vance, the author of Hillbilly Elegy, explores the current economic plight of Americans in the Rust Belt, particularly through his family's experiences in West Virginia. An interesting component of his interview with Terry Gross was his understanding that many Americans truly believed in the American Dream after World War II. Yet, for many Americans, the economic prosperity that came to areas like Fairfield County (Westport, Darien, or Greenwich) never materialized because of a rapidly transforming economy, academic opportunities, and migration away. (DREW COYNE)</em></div>]]></description>
         <enclosure url="http://www.npr.org/2016/08/17/490328484/hillbilly-elegy-recalls-a-childhood-where-poverty-was-the-family-tradition" />
         <pubDate>2017-02-17 14:31:03 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/154591756</guid>
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         <title>Eli Corenthal</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158420325</link>
         <description><![CDATA[<h1><strong>"The US government Changed H-1B visa Rules. Here's What it Means For Tech"</strong></h1><div>"'Premium processing' of H-1B visas, which allowed skilled workers to pay extra to request faster approval to work in the U.S., will no longer be available starting April 3, immigration authorities announced. That basically means all applicants will have to wait the standard period to see if they have won the "lottery," without the option to pay an extra $1,225 filing fee for guaranteed answer after 15 days. [...] Companies like IBM, Amazon, Microsoft, Google, and Apple have been among the top recipients of H-1B visas in past years, New York Times data analysis shows, aside from a massive swath of visas issued to consulting firms that are known to outsource. " -Anita Balakrishnan CNBC<br><br><em><sub>This article written by Anita Balakrishnan from CNBC,&nbsp; gives a description about H-1B which is a expedited temporary work visa issued to skilled foreign workers. The article talks about how the Trump Administration is changing it up by making the immigrants wait longer and having to pay lots of money to try an expedite the already expedited visa. Trump is doing this because he thinks companies should Americans the jobs instead. Trump is trying to help the current job crisis just like during the Great Recession where lots of Americans were unemployed. Ms.Balakrishnan seems a little skeptical of this mentioning that lots of companies are mad at Trump and what he has done. Finally Anita mentions that this order is supposed to be set in place at the same time all the H-1B application are getting from lots of companies, so it is going to be interesting on who they let work and who they have wait. It's going to be chaos! <br></sub></em><br><br><br></div>]]></description>
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         <pubDate>2017-03-07 17:17:06 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158420325</guid>
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         <title>&quot;Trump&#39;s promise to bring back our jobs from crooked China and ensure that all of our products are made right here in the USA runs completely counter to reality.&quot;&quot; (Hannah Bolandian)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422193</link>
         <description><![CDATA[<div><br></div><div>This article </div>]]></description>
         <enclosure url="http://www.alternet.org/election-2016/here-are-all-trump-products-made-overseas" />
         <pubDate>2017-03-07 17:21:47 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422193</guid>
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         <title>&quot;&#39;We are in the fourth longest expansion in U.S. history,&#39; notes Achuthan.Since World War II, the American economy has typically grown for about five years and then had a contraction. This expansion is already over seven years old.Furthermore, the average pace of job growth in this recovery has already topped what happened during the 2001 to 2007 expansion under President George W. Bush (the Bush recovery was the slowest in terms of jobs growth, Achuthan says).&quot; --- Heather Long and Tami Luhby (CNNMoney, 2016)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422453</link>
         <description><![CDATA[<div>I<em>n this segment, Heather Long and Tami Luhby are discussing the patterns of growth and contraction in U.S. Economic History. They explain that since the World War II time period was an exception to normal economic patterns, the patterns have steady since that day and age. During World War II, the U.S. was experiencing more than five years of growth before a contraction. Relating to America in current events, the period of time during World War II is being compared to the amount of growth that the current economy is experiencing.&nbsp;The current pace of job growth is currently nearing the pace of job growth in the WWII age, as well as surpassing a previous large job growth rate expansion under President Bush. The fact that we are in the midst of the fourth largest economic expansion in U.S. History shows that the American economy is thriving. (JAKE GREENWALD)<br></em><br></div>]]></description>
         <enclosure url="http://money.cnn.com/2016/10/05/news/economy/us-recovery-slowest-since-wwii/" />
         <pubDate>2017-03-07 17:22:21 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422453</guid>
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         <title>Wars effecting America economically.</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422882</link>
         <description><![CDATA[<div>"The current wars have been paid for almost entirely by borrowing. This borrowing has raised the US budget deficit, increased the national debt, and had other macroeconomic effects, such as raising consumer interest rates."<a href="http://watson.brown.edu/costsofwar/costs/economic">http://watson.brown.edu/costsofwar/costs/economic</a>  September 2016 Watson Institute Brown University.<br>This relates to World War 2, because World War 2 had a great impact on America economically. Now currently the U.S. is spending more money on military but its causing America problems.  (Allie Avila)</div>]]></description>
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         <pubDate>2017-03-07 17:23:12 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158422882</guid>
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         <title>Immigrants Aren&#39;t Taking American&#39;s Jobs</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423029</link>
         <description><![CDATA[<div><a href="https://www.nytimes.com/2016/09/22/us/immigrants-arent-taking-americans-jobs-new-study-finds.html?_r=0"><strong>"High-skilled immigrants, especially in technology and science, who have come in larger numbers in recent years, had a significant “positive impact” on Americans with skills, and also on working-class Americans. They spurred innovation, helping to create jobs."</strong></a><strong><br></strong>- Julia Preston (NYTimes)<br>In this article, the author is referencing how the influx of immigrants to the United States has actually advanced our economy and added jobs. This article uses information gathered in a report on the effect of immigrants on American jobs, in direct opposition of the information that Trump and his team have been circulating regarding immigrants in this country. This article relates back to history in that immigration is leading to more jobs, which is similar to what happened in the American Gilded Age. During the gilded age, the US experienced many refugees entering the country in search of jobs, and instead of us losing jobs, the country entered an industrial revolution, which created thousands of jobs. </div>]]></description>
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         <pubDate>2017-03-07 17:23:35 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423029</guid>
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         <title>“Over 43 million people are now living in poverty, and over 43 million Americans are on food stamps.” It’s true, too, that 43 million Americans live in poverty — but that’s down from nearly 49 million people four years ago. That’s a drop from about 15 percent of the population to about 13 percent — about where it was for most of George W. Bush’s presidency.In 2013, there were also about 48 million people on food stamps, which was also a side effect of the end of the recession. That figure has now declined nearly 12 percent — but is still higher than before the economic collapse.”</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423117</link>
         <description><![CDATA[<div><br>This article, by Philip Bump from the Washington Post, analyzes many statements that Donald Trump has made about "an economically broken America". Many of these statements relate to the slide about the Great Recession because there are currently ninety four million Americans out of the labor force, and over forty three million people who are living in poverty. During the Great Recession, which lasted from 2007 to 2009, there were 8.7 million American jobs lost. Over the last few years, the amount of people living in poverty has certainly improved, but the United States still has a ways to go until they are back to where they were before the Great Recession.  (Catherine Sprouls)</div>]]></description>
         <enclosure url="https://www.washingtonpost.com/news/politics/wp/2017/02/28/parsing-donald-trumps-description-of-an-economically-broken-america/?utm_term=.c19c0778316d" />
         <pubDate>2017-03-07 17:23:50 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423117</guid>
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         <title>An Impatient and Uninformed Electorate Dooms America To Repeat History</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423314</link>
         <description><![CDATA[<div>"The real tragedy of this recurring phenomenon is that the groups voting in disastrous, incompetent leaderships time and time again, primarily lower income and less educated, are the ones who pay the heaviest price for the consequences, in resources and often in lives." (Cohen, 2017)<br>This article is saying that since Trump was elected President, history is bound to repeat itself. Americans have high hopes that Trump sticks to his plans, and our economy builds. As Trump has already taken many actions towards that, some would argue that he's taking care of a mess that former President Obama left for improving. This connects to The Great Depression, because Hoover's term ended shortly after the stock market crashed. This left FDR to revive the deteriorating economy; how Hoover left it in 1933. Although presidents can't be entirely blamed for getting America into serious disasters, when they take office, they're also taking responsibility for their actions to help amend past mistakes made by former presidents.</div>]]></description>
         <enclosure url="http://forward.com/opinion/362186/an-impatient-and-uninformed-electorate-dooms-america-to-repeat-history/" />
         <pubDate>2017-03-07 17:24:23 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423314</guid>
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         <title>How Trumps Immigration Policies could Effect the Economy - Morgan Leonard</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423465</link>
         <description><![CDATA[<div>"Some economists argue that undocumented workers are a significant source of economic growth. A recent paper by economists Ryan Edwards and Francesc Ortega estimated that undocumented workers contribute 3 percent of all goods and services produced by the private sector in the US. That amounts to about $5 trillion over 10 years". This connects to the American Progressivism in the 1880s-1900s. In the 1800s's an immense amount of immigrants came into the US from Europe, Ireland, Italy, Poland, and European Jews. After they came in, Central Banking was back in the US. Many jobs and banks opened up as well. The immigrants that came in worked at factories and other jobs. If Trump sends back all of the immigrants, the economy will become worse because of lack of jobs given especially the lower and less paying jobs. The more immigrants in the US, the more jobs getting done and the amount of money the US makes will go up. The article states how "Growth is a good thing for an economy. The more is grows, the more jobs are created and the more workers can demand a decent wage a job security." This was proven in the American Progressivism era. </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-03-07 17:24:48 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423465</guid>
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         <title>&quot;It is often said that the market dislikes uncertainty, and the market has had to deal with a lot of uncertainty so far in 2016. It began with the Deutsche Bank turmoil that led to a decline into the February 11 low and then the Brexit event that shocked the markets and led to a brief two day decline. The market has been very resilient and quickly recovered from both of those events. The other cloud hanging over the market has been the Presidential Election.&quot; -Sean Clark (Fox Business, 2016)</title>
         <author>as51395</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423565</link>
         <description><![CDATA[<div>While on a smaller scale, some events that occurred in 2016 were comparable to the events that spurred past economic downfalls like the Great Depression and the Great Recession. One of the causes of the Great Depression was the stock market crash of 1929 which dropped the Dow Jones industrial average by 25%. In 2016, the United Kingdom left the European Union, which dropped the Dow Jones industrial average by a not as substantial number, but a still significant 4%. When the U.S. housing market crash occurred that spurred the Great Recession, Americans lost confidence in the market (similar to the Great Depression) which could be seen by a decrease in consumer spending. While on a smaller scale, during the recent presidential election, Americans were similarly cautious of their investments during uncertain times. (Alex Sprouls)</div>]]></description>
         <enclosure url="http://www.foxbusiness.com/markets/2016/09/29/analyzing-presidential-election-s-impact-on-market-uncertainty.html" />
         <pubDate>2017-03-07 17:25:01 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423565</guid>
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         <title>Trump’s Muse on U.S. Trade with China - Emma Buchanan</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423596</link>
         <description><![CDATA[<div>"Foreign governments, companies, and citizens spend much of their savings on U.S. government bonds and the stock of American companies. While this investment has not always led to benign outcomes (the financial crisis of the previous decade was, in part, caused by all that cash from all over the world seeking returns in the U.S.), shutting down global trade would, necessarily, also shut down this investment. Interest rates would skyrocket, and the U.S. would enter a painful recession, possibly a depression." - Adam Davidson (<em>The New Yorker</em>, 2016)<br><br>This article details Trump and Navarro's views on U.S. trade with China, which are very negative. Both the president and the veteran on Trump's economic team believe that China and its negative practices is the central problem for the world, something so radical that only a few, if any, economists would agree with. <br>"The financial crisis of the previous decade" in this article refers to the Great Recession. This article is proposing that if global trade falls, investments from foreign countries in U.S. stocks would no longer happen, causing an extreme loss of money for the U.S. This would cause another financial crisis like the Great Recession (which was also caused in part to issues with investments in U.S. stocks).</div>]]></description>
         <enclosure url="http://www.newyorker.com/business/currency/trumps-muse-on-u-s-trade-with-china" />
         <pubDate>2017-03-07 17:25:06 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423596</guid>
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         <title>Dylan Middlebrook - Are we headed for another great Depression? </title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423625</link>
         <description><![CDATA[<div><br>The U.S. economy had been living on borrowed money for a long time. The financial crisis scared businesses and families. That's why growth in this recovery is slower than in prior ones. You are witnessing a gradual <a href="https://www.thebalance.com/current-u-s-federal-government-spending-3305763">deleveraging</a>. It will continue for some time. In the United States, Europe, and Japan, it's aggravated by demographics. These countries have aging populations. Seniors don't need to spend as much on housing, cars, and furniture as young people starting a family. But this deleveraging is unlikely to be enough to cause a worldwide depression. That's thanks to growth in <a href="https://www.thebalance.com/china-economy-facts-effect-on-us-economy-3306345">China</a>, India, and other emerging-market countries that have excess cash reserves and younger populations.  <br><br></div><div><br>What's good for the economy may not necessarily be good for you -- and vice-versa. When the economy is uncertain, it's time to get defensive. The only way to do that is to increase your income and reduce your spending. That way, you'll have money to reduce your debt. After that, make sure you have a cushion, and then build up your savings. The <a href="https://www.thebalance.com/get-started-in-investing-1289281">best investment</a> is still a <a href="https://www.thebalance.com/what-is-a-diversified-investment-3305834">diversified portfolio</a>.<br><br></div><div><br>If possible, make sure you have a college degree. Education is the great divide in this society -- the unemployment rate for college grads is half the average. Although housing is historically cheap, as are <a href="https://www.thebalance.com/how-are-interest-rates-determined-3306110">interest rates</a>, only buy a house you can easily afford. The smaller the house, the less furniture you'll have to buy to fill it. The economy will probably avoid another Great Depression, but either way, you'll be in a better position to weather it.<br><br></div><div><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2017-03-07 17:25:07 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423625</guid>
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         <title>President Trump&#39;s Immigration Ban - American Progressivism         (David Adipietro)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423975</link>
         <description><![CDATA[<div>"President Donald Trump's seismic move to ban more than 218 million people from the United States and to deny entry to all refugees reverberated worldwide Saturday, as chaos and confusion rippled through US airports, American law enforcement agencies, and foreign countries trying to grasp Washington's new policy. Trump's executive order bars citizens of seven Muslim-majority countries from entering the United States for the next 90 days and suspends the admission of all refugees for 120 days" -- Washington (CNN). (CNN Politics, 2017)<br><br> This article and specifically this quote, states President Trump's Immigration ban and the overall gist of the problem itself. President Trump has done this to effectively make sure that no terrorists and bad people to come into the US and steal American jobs; However, something else has been affected, the American Economy. This has caused large corporations to loose money with ties overseas, the value of the dollar has declined relative to other countries, and financial markets in general are reacting negatively. <br>  This immigration ban, banning 218 million people from the U.S., relates to American Progressivism in 1877-1917 slide (#8). But basically what Trump is doing is the complete opposite of what happened in this age of Progressivism. Many people from many ethnicities were brought into the country to expand the cultural diversity, and In current day Trump is undoing that. </div>]]></description>
         <enclosure url="http://www.cnn.com/2017/01/28/politics/donald-trump-executive-order-immigration-reaction/" />
         <pubDate>2017-03-07 17:25:51 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158423975</guid>
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         <title>Trump Turns to Manufacturing Executives to Help Develop Jobs Plans (Ellie Arrow)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158500386</link>
         <description><![CDATA[<div>“My administration’s policies and <a href="http://topics.nytimes.com/topics/reference/timestopics/subjects/c/credit_crisis/financial_regulatory_reform/index.html?inline=nyt-classifier">regulatory reform</a>, tax reform, trade policies will return significant manufacturing jobs to our country,” Mr. Trump said at the White House, sitting around a large table with members of his cabinet and two dozen manufacturing executives. “Everything’s going to be based on bringing our jobs back — the good jobs, the real jobs. They’ve left and they’re coming back. They have to come back.”<br>- Julie Hirschfeld Davis, February 2017<br><br><a href="https://www.nytimes.com/2017/02/23/us/politics/trump-manufacturing.html">https://www.nytimes.com/2017/02/23/us/politics/trump-manufacturing.html</a> <br><br>This relates to the New Deal during 1933 to 1938. Many Americans were unemployed in 1933 because of the Great Depression, and it was one of FDR's priorities to create jobs for Americans to boost the economy. Today, one of Trump's main priorities as well is to create jobs for Americans. Trump believes that too much manufacturing of American goods is happening overseas, and therefore, not giving Americans the jobs they deserve. He wants to bring the manufacturing back to the US, and he believes he can create 25 million jobs.   </div>]]></description>
         <enclosure url="" />
         <pubDate>2017-03-07 20:56:17 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158500386</guid>
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         <title>&quot;By early 1939, more than 300,000 names were on the waiting list for a US visa, according to Professor Beitman’s research.In response to this, the US tightened its immigration protocol and stopped granting visas unless transportation to the country had already been booked.&quot; - Rachel Roberts, (The Independent, January 28, 2017)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158502964</link>
         <description><![CDATA[<div><br>This article relates President Trump's immigration ban to the similar immigration strictness that had occurred during World War II. Many Jewish people during the start of World War II were trying to get the United States, but the U.S. did not want this, so they had made the immigration progress harder for people from other countries to get in at the time. Trump's immigration ban is similar to this time, because there is a war going on in Syria and many Syrian refugees are attempting to go to the United States during Barack Obama's presidency, however; President Trump had completely banned all Syrian refugees from entering the country. Though Trump's intent on banning these immigrants is not meant to be harmful, it seems as though his ban is an attack against a specific group of people who need help, as many Jewish people of the time had to go through similar events.&nbsp;<br><br><br></div>]]></description>
         <enclosure url="http://www.independent.co.uk/news/world/americas/donald-trump-refugee-ban-anne-frank-nazi-germany-persecution-jews-syrians-a7551206.html" />
         <pubDate>2017-03-07 21:07:05 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158502964</guid>
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         <title>Augmented Reality -American Progressivism &amp; The Gilded Age </title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158535067</link>
         <description><![CDATA[<div>By: Claudia Marmelo<br><br><strong>"Augmented reality is changing the way we view the world -- or at least the way its users see the world" (Kevin Bonsor).</strong></div><div><br></div><div><a href="http://computer.howstuffworks.com/augmented-reality.htm">http://computer.howstuffworks.com/augmented-reality.htm </a></div><div><br></div><div>When looking back at the American economic timeline, there are many themes that prevail to today's society. From 1877 to 1917 America experienced huge industrialization improvement and advancement, this age would be known as American Progressivism and The Gilded Age. In 1908 Henry Ford created an assembly line that revolutionized productivity in the American industry specifically one huge change in the manufacturing of automobiles. A car that once took 12 hours to manufacture drastically changed to 2.5. </div><div><br></div><div>So how does this time period connect to anything today? </div><div><br></div><div>Well just like with the invention of the assembly line, augmented reality is said to change our futures in a similar way to the assembly line and the car. </div><div><br></div><div>Glasses that once took time to open up your schedule to go to the store, time to try them all on only to realize you have to shop online for the pair that are out of stock. Scientists predict that this new innovation of augmented reality will completely change the way we are used to operating in society. With augmented reality glasses can be virtually tried on and quickly selected without even having to leave the house. </div><div><br></div><div>“On the spectrum between virtual reality, which creates immersive, computer-generated environments, and the real world, augmented reality is closer to the real world. Augmented reality adds graphics, sounds, haptic feedback and smell to the natural world as it exists” (Kevin Bonsor). </div><div><br></div><div>Just like the assembly line and advancements in technology back then got people excited about cars and being able to select them, augmented reality is a new innovation that is getting everyone excited especially because of the chance to online shop like never before and perhaps find the “dream dress” for a formal event in just minutes. </div><div><br></div><div>So you see how progressivism back then is also happening in today’s society with augmented reality, but how does this all connect to The Gilded Age? </div><div><br></div><div>Well, in order to answer this we must go back to the definition of “Gilded”. Gilded means covered thinly with gold paint. The way I like to think about it is something that appears to be amazing but has its challenges under that “thin paint layer”. </div><div><br></div><div>Augmented reality while it is the next step from the technology we now have (just like the assembly line was the “next step”) and seems like it will make everything function smoothly, what are the downsides? </div><div><br></div><div>Kevin continues, “This new technology, called augmented reality, blurs the line between what's real and what's computer-generated by enhancing what we see, hear, feel and smell.” I don’t know about you, but this gave me chills to read. Although technology has it’s benefits, how much is too much innovation? Ford’s assembly line also had its negatives hidden under the major industrialization that was rapidly consuming the country. Wages were very competitive in the assembly lines and the authentic craftsmanship of individual manufacturing was lost with the innovation of the line. Both of these things are gilded. Although they seem to be sparkling with gold because they are new inventions, the layer of “paint” is still so thin. </div><div><br>As technology is increasing rapidly today, we are reminded of the Progressivism and Gilded Age in the United States where things are rapidly being produced and innovated but we then should ask ourselves how beneficial they are. </div><div><br><br></div>]]></description>
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         <pubDate>2017-03-08 01:03:00 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158535067</guid>
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         <title>Alexa Chinitz</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158544124</link>
         <description><![CDATA[<div>"Total US debt, including private and business debt, is $67 trillion, or just under 400% of GDP. We have 95 million people not in the labor force. 15 million of them are not employed. That’s twice the number officially unemployed." (Forbes, December 1, 2016)<br><br>This connects to the Great Depression slide because if we can't get the current American debt and losses under control, we may be looking at another depression in the near future. During the Great depression 15 million people were unemployed, comparable to todays numbers.&nbsp;So in order to avoid another depression Trump needs to keep his promise of creating jobs in America.</div>]]></description>
         <enclosure url="https://www.forbes.com/sites/johnmauldin/2016/12/01/if-trump-doesnt-do-this-we-will-have-the-great-depression-2-0/#22239a41188d" />
         <pubDate>2017-03-08 02:17:50 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158544124</guid>
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         <title>The World War II Home Front - Isabella Jagenberg</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158806936</link>
         <description><![CDATA[<div>"As the United States produced the weapons of war and became, in President Franklin D. Roosevelt’s phrase, the “arsenal of democracy,” the country experienced a fundamental reorientation of economic and social patterns at home that provided the template for the postwar years."<br><br>This article describes the effects of World War II and how it helped pull America out of its financial pit. Shortly after the Great Depression, the U.S. became involved in the war, causing a jump start in the economy after money was spent on military defense.  New jobs were created to make weapons and supplies for the military and soldiers on the front lines, so thousands of previously unemployed people went back to work.  President FDR had earlier created the New Deal to help Americans and the economy get up and running again.  A National Defense Advisory Commission, an Office of Production Management, a War Production Board, and an Office of War Mobilization were also all made to control all parts of the war economy. FDR didn't like fired people, so he instead created new departments and agencies to both move the war effort along and keep people with a job. His system worked, and America was mass producing weapons for the WWII effort. Now that men were deployed, blacks and women overcame social injustices, as they were now needed and encouraged to help make supplies for the war.  While war is never a good thing, it was a saving grace for the American economy.</div>]]></description>
         <enclosure url="https://www.gilderlehrman.org/history-by-era/world-war-ii/essays/world-war-ii-home-front" />
         <pubDate>2017-03-08 20:21:43 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158806936</guid>
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         <title>The Fall of The housing market in the Great recession</title>
         <author>bk1003205</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158824762</link>
         <description><![CDATA[<div>"In retrospect, July 31, 2007, was a bad day to go shopping for property anywhere. But the modest 900-square-foot Cape Cod-style home the Vershers bought that day for $137,000, on the eve of the worldwide credit crunch, has fared especially badly, by any standard.Despite being well-kept, with a neatly trimmed lawn and hedges, four bedrooms and a two-car garage, it sits across the street from an abandoned home and was listed for sale in January for just $29,500." ( The Chicago Tribune 2017). In 2007 the housing market crashed due to high risk loans by the bank. At that time people were buying more houses than ever and the housing market was booming. As soon as that crash hit home owners were done for because suddenly their properties were worth nothing. This ruined a lot of people's lives because they had these properties that they paid for with the banks money. And now their properties and they had no way of paying the banks. The market crash still effects people to this day.<br><a href="http://www.chicagotribune.com/business/ct-suburban-housing-slump-0327-biz-20160324-story.html">http://www.chicagotribune.com/business/ct-suburban-housing-slump-0327-biz-20160324-story.html</a><br><br></div><div><br></div><div><br><br></div><div><br></div><div><br></div>]]></description>
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         <pubDate>2017-03-08 21:39:06 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158824762</guid>
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         <title>But before any of this could take place, the Nazis had to come to power through elections by spreading fear, and promote anti-Semitism through incitement to make non-Jewish Germans turn on their Jewish neighbors. They did it in part through Nazi propaganda minister Joseph Goebbels&#39; principle of the &quot;big lie.&quot; Told often enough, it will be believed. Trump&#39;s repeated claims about New Jersey Muslims celebrating the 9/11 attacks and his desire to ban a billion people from entering the United States notwithstanding, he is nowhere near the Nazis&#39; plans for a Final Solution. But he is not far from the first steps they took. (Jacob H)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158856103</link>
         <description><![CDATA[<div><a href="http://www.nydailynews.com/news/politics/guest-column-trump-ban-muslims-wrong-article-1.2459376">http://www.nydailynews.com/news/politics/guest-column-trump-ban-muslims-wrong-article-1.2459376</a>In the early 1940s, approximately 11 million people were viciously murdered by Adolf Hitler and the Nazis. The victims were composed of mainly Jews, but also gypsies, homosexuals, disabled individuals, and a few other groups. No person will ever have the words to explain how the world ended up with this such tragedy. Though today, Americans see a pattern with their own 45th President, Donald J. Trump. Trump has first begun with berating Islamic people in his campaigning process. Once he began his four year term, he immediately moved to banning Muslims from seven countries, including refugees from Iraq and Syria. Additionally, hundreds of visas were revoked. Trump also proposed a registry for all Islamic citizens. So even 70 years after the deadly Holocaust, and the world's vow to never let genocide be an issue ever again, we may be seeing another dangerous pattern in our own country. </div>]]></description>
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         <pubDate>2017-03-09 02:37:04 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158856103</guid>
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         <title>The Great Depression and the Economy Today</title>
         <author>df49280</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158958105</link>
         <description><![CDATA[<div><a href="http://www.zerohedge.com/news/2017-01-24/greater-depression-comparing-1930s-and-today">http://www.zerohedge.com/news/2017-01-24/greater-depression-comparing-1930s-and-today</a> <br><a href="http://www.tradingeconomics.com/united-states/unemployment-rate">http://www.tradingeconomics.com/united-states/unemployment-rate</a><br><a href="http://www.sjsu.edu/faculty/watkins/dep1929.htm">http://www.sjsu.edu/faculty/watkins/dep1929.htm</a> <br><a href="http://work.chron.com/average-yearly-income-middle-class-family-16547.html">http://work.chron.com/average-yearly-income-middle-class-family-16547.html</a><br><br>When comparing the 1930's to the 2000's, it is evident that many parallels can be drawn between the economy today and the Great Depression. The Great Depression occurred due to a crash in the stock market. From 1929 to 1933 the stock market lost over 90% of its value (Durden). In addition to the fact that the market was failing, "the unemployment rate reached 25%" (Watkins) in 1933. When looking at a Family in the 1930's, their average yearly income was "$2,335, and that put average families in the 1/10<sup>th</sup> of 1 percent bracket" (Durden). As you compare the economy in the time of the Great Depression to today, it is clear that the economy has stabilized significantly. Now, in 2017,&nbsp; the unemployment rate is 4.9%. (Tradingeconomics.com). Also, the average yearly income of a median household income in 2012 was $50,054 (Burney). From job unemployment to an average family's income, it is clear that the United States has figured out to do deal with economic inflation.&nbsp;<br><br>Daniel Felton<br><br></div>]]></description>
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         <pubDate>2017-03-09 13:48:19 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158958105</guid>
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         <title>Bring Jobs &quot;Back&quot; to America from China Doesn&#39;t Seem Possible (Hannah Bolandian)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158958675</link>
         <description><![CDATA[<div>"Trump's promise to bring back our jobs from crooked China and ensure that all of our products are made right here in the USA runs completely counter to reality."<br><br>This source written by Alternate demonstrates an excellent connection to trade within America and other countries in the past. Although presented as a contradictory statement against trade with other countries at first, the end of the quote turns it around and presents that the reality is that it is necessary for American companies to manufacture in countries such as China in order to protect the economy. President Donald Trump has different views and plans to bring all jobs from China that are in relation to American manufacturing back to America, which thus far in his presidency are not going over smoothly. Although Trump will continue to fight to ensure that all American companies will produce their items in America, it is necessary for the American economy to not plummet and for America's GDP to remain stable for us to utilize the trade opportunities we receive from other countries. On the contrary, bringing in more corporate and manufacturing factories to America would create more minimum wage paying jobs for America.</div>]]></description>
         <enclosure url="http://www.alternet.org/election-2016/here-are-all-trump-products-made-overseas" />
         <pubDate>2017-03-09 13:50:01 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158958675</guid>
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         <title>Music&#39;s impact on the economy (Kathleen)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/158994735</link>
         <description><![CDATA[<div><a href="https://www.seattle.gov/filmandmusic/music/economic-impact-study">https://www.seattle.gov/filmandmusic/music/economic-impact-study</a><br>"In 2008, the music industry in Seattle directly creates 11,155 jobs, with 2,618 businesses generating an annual $1.2 billion in sales and $487 million in earnings. Within the larger King County economy the music industry directly creates 20,193 jobs, with $2.2 billion in sales and $840 million in earnings" (Becker). <br>This direct quote written by Seattle's office of film and music director, coherently dictates the positive impacts the current music industry has had on a city such as Seattle. She describes the impressive creation of jobs and the increase of revenue as a result. With a focus on King County (a city in Washington), this article encompasses reputable statistics that reflect the improvements our current music industry has on our economy. This relates to the roaring 20's (on slide 26) that includes information about the impact jazz had on the economy. At a time of great turbulence in American history, jazz was representative of the American people's strength and potential to overcome. It brought many people together and continued to inspire the country towards greatness and moving forward. Although lacking in specific examples of the way jazz may have improved the economy in numbers, it's certain that jazz (and other popular music at the time) had positively impacted the economy by bringing more people together during a period of urban and industrial growth. </div>]]></description>
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         <pubDate>2017-03-09 15:07:24 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/158994735</guid>
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         <title>The air-conditioning manufacturer had planned to move production at its Indianapolis plant to Mexico, where operations would be cheaper, taking some 1,400 jobs out of the state. Under the deal worked out by the Trump administration — which Vice President-elect Mike Pence took a leading role in shaping — Carrier will keep about 1,000 of those jobs in the state.&quot;-Vaughn Hillyard and Phil Helsel (NBC, 2016)</title>
         <author></author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/159035592</link>
         <description><![CDATA[<div>This article relates to the Great Recession because during those two years many jobs were lost.  This article talks about an air-conditioning manufacturer planning on moving to Mexico, causing many people to loose their jobs and remain unemployed. During the Great Recession, over eight million jobs were lost within two years.  <br>Towards the end of the article, it talks about different ways to help people get jobs and stay employed.  This connects to end of the Great Recession when banks gave large investments of money to get jobs back. (Nina Armstrong</div>]]></description>
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         <pubDate>2017-03-09 16:33:41 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/159035592</guid>
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         <title>A Look Ahead at the Next Recession (Jane Ewert)</title>
         <author>je51961</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/159044250</link>
         <description><![CDATA[<div>"The odds are better than 50-50 that we will have a recession within the next few years. What does the Fed normally do when that happens? The Fed normally cuts real interest rates by five percentage points"<br><br>This article is in the style of an interview. The two people being questioned were Shaun Donovan, director of the White House’s Office of Management and Budget, and Lawrence H. Summers, former Treasury secretary and onetime economic adviser to President Obama. This article connects to The Great Recession because of their discussions about a possible future large-scale recession. The Great Recession is used as an often mentioned reference point in comparison to the modern day's economy. This quote mentions how the Fed cuts interest rates in order to recover a failing economy. This is similar and possibly directly referencing the period of time in the great recession where interest rates were cut to nearly 0, as mentioned in the slide. <br><br></div>]]></description>
         <enclosure url="https://www.nytimes.com/2016/06/01/business/economy/a-look-ahead-at-the-next-recession.html" />
         <pubDate>2017-03-09 16:53:39 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/159044250</guid>
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         <title>A breeding ground for the next Great Depression now exists</title>
         <author>dg1004917</author>
         <link>https://padlet.com/dcoyne2/495gkhawyl56/wish/159061000</link>
         <description><![CDATA[<div>"According to the Bank of International Settlements, the relative level of private debt today – whether in global aggregate, in the highly-financialized U.K., and U.S. or in the seven countries highlighted by my colleague Steve Keen, the chief economist at IDEA Economics, as most vulnerable to a debt crisis - is comparable to and, in many cases, worse than in the late-1920s." Paul Gambles March 6 2017. <a href="http://www.cnbc.com/2017/03/06/trump-tax-reform-could-tip-america-into-recession-and-possibly-serfdom.html">http://www.cnbc.com/2017/03/06/trump-tax-reform-could-tip-america-into-recession-and-possibly-serfdom.html</a><br>This article analyzes the many similarities between what lead to the Great Depression and what is now looking like it can lead to the next Great Depression. The extreme levels of private sector debt in our country currently are too similar or even worse to those pre Great Depression. America can soon be plunged back into extreme poverty and high unemployment rates like never before. (Daken Gulbransen</div>]]></description>
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         <pubDate>2017-03-09 17:33:14 UTC</pubDate>
         <guid>https://padlet.com/dcoyne2/495gkhawyl56/wish/159061000</guid>
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