https://padlet.com/thomascb231/ndd9hkymci6cx2r9 en-us 2021-06-11 11:45:16 UTC 2024-12-01 02:12:52 UTC hello@padlet.com nahlikae231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600875037 During the Congressional debate on Budget Deficits in 1983, Sen. Orrin Hatch discussed his thoughts on how to combat the increasing deficits that the United States continues to face. He believes that raising taxes and cutting taxes are not the solution to fixing the problem. The reason for cutting taxes in 1981 was to put pressure on the government to control their spending, but that didn't work either.]]> 2021-06-11 12:07:03 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600875037 senusjl231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600875331 The Exxon Valdez oil tanker ran aground when trying to avoid reported icebergs. The crew was unable to steer the ship back into the shipping lane so it hit bligh reef, resulting in an oil spill of 10.8 or 41 million liters of oil into the ocean. This is crazy. I love learning about this time in history because of how huge this oil spill is that affected the world.]]> 2021-06-11 12:07:16 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600875331 urquhartke231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600878519 President Reagan was elected in 1980 and had amazing plans to help save the economy. He wanted to help people with their taxes and reduce the amount people would generally pay. He did this for the better of the people and I think he did a very good job at following through with all the plans he had directed towards the economy.]]> 2021-06-11 12:09:21 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600878519 millercj231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600879841 The Saving and Loan bailout hurt many people. Anyone that used this company lost all their life saving. These company's would use the money to make bad investments. Then when the company lost there money they did not care because it was not there money to lose. ]]> 2021-06-11 12:10:14 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1600879841 thomascb231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1601177797 On October 19, 1987, also known as Black Monday, the stock market suddenly dropped by 500 points when stockholders began to drop their stocks. This was due to a steady decrease in stock prices, and this caused a large panic that lead to the eventual crash. Solving this issue was hard, because now, no one wanted to buy stocks. many wanted to sell stocks, but the lack of activity made it hard for things to be fixed immediately.]]> 2021-06-11 14:24:11 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1601177797 thomascb231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1601690921 The Stock Market Crash of 1987 was the most drastic one-day crash in American history. It was over a much shorter period than The Great Depression, but an estimated $1 trillion dollars was lost from the market in this short period. Although the crash was drastic, the market recovered fairly quickly.]]> 2021-06-11 18:14:53 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1601690921 nahlikae231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603391406 Federal spending was a huge factor of the growing budget deficit, so the Balanced Budget and Emergency Deficit Act was made, (also known as the Gramm-Rudman Hollings Act.) This act authorized mandatory federal spending reductions as a way to have more control over the deficit. In 1985, the growth of federal spending was cut to 4% per year.]]> 2021-06-13 14:05:01 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603391406 thomascb231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603885801 The Stock Market Crash of 1987, to many, was not a surprise. But, it was also a huge exaggeration compared to what should have happened. With everyone panicking and dropping stocks, things only got worse. So, although the crash was inevitable, its severity could've been avoided.]]> 2021-06-14 00:49:17 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603885801 urquhartke231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603986783 Reagan's plan was easily one of the best plan's he could have put together. All the four steps that reaganomics did helped Reagan's full presidency and his very good reputation with the people. Learning more about Reagonimcs made me realize Reagan was one good president for how he tried to fix the economy.]]> 2021-06-14 01:46:07 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1603986783 thomascb231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604160765 Ronald Reagan, the president at the time of the crash, found it essential to stay calm. After a huge panic had spread throughout the country and many other countries, he found it important to keep calm to help things get better. In this speech, for example, he assured listeners that plans were being put into place, and additional actions could be taken if needed. He also noted that no stock markets would close, and trade would continue to stay open.]]> 2021-06-14 03:24:43 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604160765 thomascb231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604172282 The crash on Black Monday not only caused panic in the US, but also in many big cities around the world. Tokyo, London and Frankfurt were all sent into a panic. The shocking drop seemed sudden, and places like Japan were dealing with the crisis before the West was even awake.]]> 2021-06-14 03:32:03 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604172282 urquhartke231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604854486 Many families believe that money can be put in the hands of the wrong people. Some money can put it to waste and their will be no benefit to the economy. Reagan could easily fix that with his Supply Side plan to fix the economy through the government and the people.]]> 2021-06-14 11:35:37 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604854486 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604854588 The spill had polluted the ocean and destroyed the environment for the animals. The clean up of the spill was super time consuming. There were 11,000 people working on cleaning up the spill and 3,500 people assigned to beaches. Exxon spent $2.1 billion on the cleanup effort. Its crazy how much this oil spill effected the world and how much money had to go into cleaning it. High tech Barges were used to heat up sea level and blast oil covered rocks at high pressure. These worked but killed nearly all plants and animals it touched. This is so sad that the oil has killed so much wildlife. I hope people can learn about this to try to prevent it. ]]> 2021-06-14 11:35:41 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604854588 millercj231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604858952 This piece of propaganda shows how the saving and loan company's are just taking all your hard earned money. In these piece they are taking apart the dollar bill and putting it into there pockets. Basically taking money that is not there money to take. ]]> 2021-06-14 11:39:10 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604858952 urquhartke231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604859518 When Reagan became president he wanted to fix the economy for during the early 1970's the Supply Side theory was created in favor of that. Reagan's plan started working and therefore unemployment dropped when the year of 1984 came around. The economy started to boom in a matter of helping the people in need that lived in the United States.]]> 2021-06-14 11:39:41 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604859518 nahlikae231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604865170 Between 1981 and 1985, budget deficits almost quadrupled, and national debt could have doubled. After World War II, budget deficits were a regular occurrence as a result of buying war materials and other war expenses, but it had never gotten this bad. As an attempt to stop these problems, taxes were raised and laws were created to stop federal spending.]]> 2021-06-14 11:43:41 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604865170 urquhartke231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604867666 Reagan's Reaganomics plan had many names and the Trickle - Down Effect was one of them. His plan was to cut taxes for the wealthy so they could be on the same line of the lower class citizens. Later Reagan wanted those who paid the most for their taxes could start to reinvest their tax savings which then led tot the Trickle - Down Effect.]]> 2021-06-14 11:45:36 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604867666 senusjl231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604868155 This article really touches on the Exxon Valdez oil spill and its importance. After the spill, 26,600 gallons of oil were still present in the waters, declining at a rate of only 4 percent per year. The oil spill was so intense that it affected the ocean in the long term too which is so interesting to me that oil can do that much. There were long lasting compounds in oil that affects the hearts of fish and make it more difficult for them to swim. The article states that, " Researchers noted that fish populations were generally lower in the decades following the spill. Higher death rates were observed in sea otters, ducks, and other animals that ate contaminated foods of the area."]]> 2021-06-14 11:46:01 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604868155 millercj231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604870438 This shows how these terrible company's got away with what they did. They made everything seem so much better so then people would give them there money. When they got there money they just basically throw it away. Leaving people losing millions. ]]> 2021-06-14 11:47:49 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604870438 millercj231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604874570 This book explain why this all happened for the saving and loan. Also it tells us how these saving and loans grew and began and how they started in the first place. Also during this time the government did not have that much control in the company so that is way/how this company got away with all they did.]]> 2021-06-14 11:50:54 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604874570 senusjl231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604879425 Exxon Valdez was one of the worst oil spills in world history. The spill blackened beaches and killed the wildlife. The spill was too big to just scoop up which made the cleanup so hard. During the cleanup, there was huge winds and a storm that delayed cleanup and spread the oil more. The captain of the ship also was discovered to have been drinking. The captain being under the influence was so surprising to me. He put the oceans life in danger. This is important to learn about for the future and to make sure the mistake doesn't happen again. ]]> 2021-06-14 11:54:19 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604879425 millercj231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604887662 In the 1980 there was 4,002 active S&L by 1983 962 had to shut down. The head chairman of the S&L company committed bank frauded and was sent to jail. The cost of this scandal is thought to be somewhere around 150 billion dollars. Some people think this was the greatest scandal ever. ]]> 2021-06-14 12:00:12 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1604887662 senusjl231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1605883381 The oil spill had polluted 1500 miles and killed so many birds and sea otters. Each otter saved was estimated to cost Exxon between $40,000 and $89,000. That's a crazy amount of money. This oil spill really had an effect on the animals. The article also states,  "Even so, by day four, the prevailing currents had carried what had spilled forty miles (64 kilometers) past islands and shoreline to the southwest; by day seven, ninety miles (145 kilometers); by day eleven, one hundred forty miles (225 kilometers); and by day fifty-six, four hundred seventy miles (755 kilometers).” I'm so amazed by how huge this spill was and how it spread to affect so many poor wildlife. This needs to be learned about so we can prevent it. ]]> 2021-06-14 19:22:13 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1605883381 nahlikae231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1606097166 Between 1980 and 1988, The U.S.’s real per-capita income grew yearly at 2.1%. This is a lot more than it was in the 70’s, where the per capita income grew at 1.74% per year. Real per-capita income grew 20% faster during 1980-88, where deficits nearly doubled.]]> 2021-06-14 22:05:01 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1606097166 nahlikae231 https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1606097477 In 1983, the American deficit-to-GNP ratio was up to 6.3%. At the same time, Japan and Canada were experiencing very similar ratios. The American debt-to-GNP ratio increased from 26% to 43% from 1980 to 1987.]]> 2021-06-14 22:05:17 UTC https://padlet.com/thomascb231/ndd9hkymci6cx2r9/wish/1606097477