Does America Learn From Past Lessons in History?
- In some ways, America learns from its past lessons, and in others America does not. For example, when it comes to economics, America does not. The Great Depression happened because of poor banking decisions, people buying too much on credit, and the ignorance of the federal government. The Great Recession occurred because of poor banking decisions, people making irresponsible purchases, and businesses investing in bad areas. Obviously, America did not learn from its mistakes, despite the new policies made to prevent another recession.
- The policies that we have adopted today are like prevention plans. America has taken what we have learned, applied it, and used it for future reference. Today we follow that same path as well, by creating jobs with government money, helping businesses, and strengthening the market to make sure another crisis doesn't happen in future generations.
What National Conditions Bring About Similar Historical Events?
- Long periods without wealth and prosperity are conditions that bring about similar historical events, like the Great Depression and Great Recession. These periods are usually filled with corrupt banking tactics, unwise spending, and no federal regulating. These bad conditions lead to people lying about how much money they have until it is absolutely necessary to come clean. Eventually, companies go bankrupt, and the stock market plummets. When the nation doesn't have money and is suffering, similar events that happened in the past are likely to occur. During the Great Depression and Great Recession crises happened that couldn't of been resolved because money wasn't available. Having a lack of funds is a national condition that makes history repeat itself.
- Stability is a national condition that has been successful in the economy. Stable businesses, stable jobs, and stable resources are the things that strengthen our economy and prevents past tragedies from happening again. To stop events like the stock market crash our market needs to be strong and by learning from past lessons and experiences the government can make sure that the market does stay strong. The way mortgages were distributed and money was loaned didn't guarantee a sufficient amount of secure payments for sustainability. New policies that we have adopted are changing this occurrence and the country now has a little more security.
How Do The Economic Success or Failure of America Change The Lives of American Systems And Individuals?
- The economy affects the government and individuals depending on how well it is doing. When the economy is in a good place, and when there is a strong standing government, money is prosperous and life is easier for people. It is easier because more jobs are offered and companies and big businesses are able to expand and make more profit. When the economy is bad, businesses are not expanding which means people are finding it difficult to maintain and obtain work. This means they have less money to use to buy goods and make payments. Maintaining a stable economy is an efficient way of preventing downfalls in American systems and lives.
- Businesses are regulated differently now than they were before. The business boom that happened was a successful contributing factor to the economy. If events like that continue, it will cause systematic change. The goal of the economy is to maintain full employment, have economic freedom and to have guaranteed stability. As we have seen before these things have not been accomplished by the government, but by a new war which sparked up the boom. However plans are in action to, hopefully, get them in full effect.