a changing america & the presidency of barack obama
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A Changing America & The Presidency of Barack Obama. Mr. Ermer U.S. History; Miami Beach Senior High. The Economic Boom. 1980-2000: Transformation of American Economy From “Stagflation” to Growth 1970s: Business invest in new technologies, promote efficiency - PowerPoint PPT PresentationTRANSCRIPT
A Changing America &The Presidency of Barack Obama
Mr. ErmerU.S. History; Miami Beach Senior High
The Economic Boom 1980-2000: Transformation of American Economy
From “Stagflation” to Growth 1970s: Business invest in new technologies, promote
efficiency Businesses reduce labor costs with anti-union policies and
outsourcing The Digital Revolution
New opportunities with cell phones, computers, Internet, digital music, digital video, digital personal assistants (“Palm Pilots”)
Explosive Growth: GDP quadruples in twenty years NYSE Index grows from 1,000 in 1980 to 11,000 in 1999 1994-2000: Economy grows extremely fast every year
Downturns Dot-Com Bust of 2001makes end of booming growth
Globalization & the Two-Tiered Economy Wealth of new boom not as evenly distributed as
those of 1940s-60s. Only benefited highly educated, particularly
science/engineering Income of highest 20% grew by 20% Income of next 20% grew by 8% Income of remaining 60% stayed the same
1980: 12% of population lived in poverty, grew to 15% by 2010 Growth of international trade increases throughout
1970s, 80s, 90s, 2000s; “Globalization” creates trade imbalances for US Only twice since 1970 has US has favorable trade
balance
Science & Technology 1971: Intel introduces the microprocessor
Allows for creation of personal computers (PC) Microsoft and IBM vs. Apple
Advanced Research Projects Agency develops the Internet 1989: Emergence of the World Wide Web
Human Genome Project
Demographic Shift The Graying of America
Declining birth rates, increased life expectancy Increased immigration Recognition of the “underclass”
Chronically poor of the inner cities Victims of modern plagues of drugs and AIDS
Battles over Feminism and abortion “Right To Life” Movement
Catholics, Evangelicals, and Mormons form base Creates a counter-movement, “Pro-Choice” Movement
Environmentalism & Anti-Globalization 1980s: Specter of “Global Warming” strikes cord
Many begin to push for preventative government action Many conservatives deny existence of Global
Warming/Climate Change Kyoto Protocol
Opposition to Globalization or “New World Order” Anti-interventionist protests Labor Unions protest free trade treaties like NAFTA Environmentalist tie globalization to climate change World Bank, WTO, and G8 protests
Election of 2008 Both parties enter election with large field of
candidates Republican nominates John McCain by spring (lost to
Bush in 2000) Democratic field narrows to race between Hilary
Clinton and Barack Obama—by June, Obama seems to hold nomination McCain chooses Sarah Palin as running mate, Obama chooses
Joe Biden McCain supports war in Iraq, Obama opposes it 2008 Financial Crisis and bank failures Obama convinces voters that McCain would
continue Bush’s unpopular policies Obama is eloquent speaker, Palin damages McCain’s
campaign Obama wins 53% of popular vote and larger share
of electoral
The Obama Presidency Proposes larger stimulus package to prevent economy from
worsening Many conservatives considered package as wasteful spending
Congress passes Affordable Care Act, nicknamed “Obamacare” Many conservatives believed ACA to be “government takeover” Supreme Court upholds the law
Conservative disapproval consolidates in the “Tea Party” Deficit reduction, tax reduction, and small government = goals
Obama’s popularity falls to just above 40% Conservatives accuse him of being Muslim terrorist, socialist, foreign Democrats believe Obama moved too far to the right after election
Tea Party candidates bring Republican control of House in 2010
Chapter 22 Assessment On page 518, write and answer questions 1-10