By: Kenny Shepard, Andrew Jacoby, Lucy Jarvis, Samer Jaara

End Of The Great Depression WWII Fair Deal Employment act 1946

War productions board Women in the workplace Office Of Price Administration

The Korean War took place between 1950 and The Korean War occurred because Communist and Non- Communist parties had many conflicts.

There was much instability in consumer spending during Consumer expenditures were primarily a function of real income that became widely accepted during the time of the Korean War. The war not only affected Korea, but the United States’ consumer spending as well.

Research shows, from Gross Domestic Product (GDP) rates, that the economy of the United States was not as bad during the Korean War as it was in World War II. However, the shares of Gross National Product (GNP) devoted to security expenditures, were very similar in 1941 and 1951.

The tactic of the United States was to have a defense mobilization that would have a stimulus to economic expansion if government expenditures increased the aggregate demand for goods and services. However, the announcement of the mobilization plan stimulated the expansion of the economy and was a huge influence throughout the Korean War.

Consumer spending increased immediately following the invasion of South Korea. In July, 1950, retail sales went up 9%, while many other sales rose higher. A few stocks reduced slightly because of the immediate purchases all across the country.

Research shows that while retail and other sales increased, personal income was not increasing at the same rate. The annual personal savings rate declined by 60% within the first six months of the Korean War.

The third quarter of 1950 had the most consumer expenditures for the period of the Korean War. Consumer spending would increase from time to time when a new campaign would come out about the war.

Still prosperity from early 40’s Recession of 1953 JFK

Vietnam War ( ) North(communist) South(capitalist) Manufacturing Agriculture CoalRice Loss of thousands of skilled workers

Post War Centrally planned economy converted to a socialist-oriented market economy Growth Rate ~8%

CIA funded covert operations by smuggling opium into the United States (American Gangster) Strict Drug Laws now Afghanistan 1/3 of income from opium(heroin) source of 80% of world heroin supply

Vietnam GDP per capita-$2,800 Below poverty-7.8% Unemployment-4.9% Afghanistan GDP per capita-$457 Below poverty-53% Unemployment-40%

Vietnam Shrimp, Catfish, Shoes, Rice, Logging Afghanistan Wheat, Cereal, Opium

1990’s Boom Sept 11 attacks

Largest and most powerful economy US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment

GDP: $14.25 trillion (2009 est.) Exports: $994.7 billion Imports: $1.445 trillion Dept: $13.45 trillion

Inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade and budget deficits, and stagnation of family income in the lower economic groups. The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit

Recovering from decades of conflict Improved since the fall of the Taliban Poor, landlocked, and highly dependent

International assistance Recovery of agriculture, and service sector growth Build a stronger government

GDP: $23.35 Billion (2009 est.) Exports: $603 Million Imports: $ 8.27 Billion Dept: 8 Billion

Other long-term challenges include: Budget sustainability Job creation Eliminate corruption Government capacity Rebuilding war torn infrastructure

Continue to aid Afghanistan Improve their agricultural output by educating about farming machinery, chemical fertilizer, or pesticides Encourage farmers to stick to wheat farming through financial incentives to discourage opium farming