Ch. 7: Aggregate Demand and Aggregate Supply Del Mar College John Daly ©2003 South-Western Publishing, A Division of Thomson Learning.
Economic consequences of WSC Large speculators were ruined – rich lost most (why?) Rockefeller – 80% of his wealth Downturn in spending Unable.
Origins of the Cold War. 2 US/USSR Relationship during WWII 1939: Stalin (USSR) makes a deal with Hitler (Germany). 1941: Hitler breaks deal and attacks.
ECONOMICS why study it? Social Science Efficiency Scarcity.
The State in U.S. History Is there too much or too little of state power in the United States?
1 The Cold War 1945-1990 US vs. Union of Soviet Socialist Republics Democracy vs. Communism Capitalism vs. Socialism.
The Great Depression and New Deal MS. KRALL Great Depression Worst economic catastrophe of the 20 th century Collapse involved every aspect of the economy.
International Trade. Why do countries trade? Wider consumer choice and lower prices due to increased competition Firms have access to larger markets,
The Great Depression & The New Deal. Hoover becomes President: 1928 Herbert Hoover (R) v. Alfred Smith (D) American son, businessman Immigrant,
1776 Declaration of Independence 1787 U.S. Constitution James Madison Father of Our Constitution.
The Depression spread around the world. European countries trying to recover from the ravages of WWI faced high war debts. Germany was still paying war.
POSTWAR PROSPERITY CRUMBLES. END OF PROSPERITY Postwar prosperity turned to depression by end of 20’s. European farmland destroyed during the war. Farmers.
