summative notes - economics by decade

broken down notes

GI Bill

A law that provided various benefits to World War II veterans, including education and housing.

Interstate Highway System

A network of highways established in the 1950s, making commuting and travel easier for Americans.

Great Society

A set of programs initiated by President Johnson in the 1960s aimed at eliminating poverty and racial injustice.

Stagflation

An economic condition characterized by high unemployment and high inflation, occurring in the 1970s.

Reaganomics

Economic policies associated with President Reagan in the 1980s, promoting free markets and reduced government spending.

Industry Employment Crisis

A situation in the 1990s where high unemployment rates were caused by businesses' inability to pay employees.

Credit Crunch

A financial crisis in the 2000s characterized by a sudden reduction in the general availability of loans.

Great Recession

An economic downturn that began in the late 2000s, marked by a significant drop in employment and economic activity.

SNAP

The Supplemental Nutrition Assistance Program aimed at reducing food insecurity.

American Rescue Plan Act

A legislative package aimed at providing economic relief during the COVID-19 pandemic, supporting small businesses and unemployment.