1. 8.5 Influence on Economic Activity

2. Environmental Protection
Environmental Protection Agency (EPA)
Radioactive Waste Disposal
Clean Air and Water Act

3. Environmental Protection Agency (EPA)
The EPA is the government agency in charge of safeguarding the natural surroundings: Air, Water, and Land.

4. Radioactive Waste Disposal
Many industries, especially nuclear power plants need to dispose of radioactive waste.
During the ’80s, many companies filled barrels with waste and dumped it into the ocean causing pollution.
Disposing of this waste is still a problem today.
Where do you think we should put this waste?

5. Clean Air and Water Act
This is a federal law that tries to reduce smog, air pollution, and the pollution of fresh water and ocean waters.
This is why you have the emissions tests on your cars today.

6. Government Regulation
Zoning Laws
Building Codes
OPEC Oil Embargo
Cuban Economic Embargo
Depression
Inflation
Recession
Bear Market
Bull Market

7. Inflation
Inflation is the sustained increase in the average level of prices.
Check out the inflation calculator.
Annual inflation is about 3.3%.

8. Bear Market
The Bear Market refers to little faith in the Stock Market.
People are losing money and expecting higher losses.
The most famous Bear Market was between during the Great Depression.

9. Bull Market
The Bull Market tries to create buyer confidence in the stock market.
The longest and most famous bull market was in the 1990s when the U.S. and many other global financial markets grew at their fastest pace ever.

10. Bear vs. Bull Markets

11. Trickle-Down Effect
The trickle-down effect is a marketing phenomenon that affects many consumer goods, including - but not limited to - new technology and fashion.
Initially a product may be so expensive that only the wealthy can afford it.
Over time, however, the price will fall until it is inexpensive enough for the general public to purchase.

13. Zoning Laws
Zoning is a term used in urban planning for a system of land-use regulation in various parts of the world.
The word is derived from the practice of designating permitted uses of land based on mapped zones which separate one set of land uses from another.

14. Building Codes
Building codes are rules that specify the minimum acceptable level of safety for constructed objects such as buildings.
The main purpose of the building codes is to protect public health, safety and general welfare as they relate to the construction and occupancy of buildings and structures.

15. OPEC Oil Embargo
In 1973, the Arab countries belonging to OPEC declared they would no longer be sending oil to countries that supported Israel.
The United States and Western Europe were two areas targeted.
Prices increased dramatically and we tried to come up with new innovations to limit our dependency on these countries.

16. OPEC Oil Embargo

17. Cuban Economic Embargo
In 1962, the USA enacted an embargo against Communist Cuba.
Cuba was closely associated with the USSR during the Cold War, so we decided to stop trading with them, allowing American business or trade to Cuba, and halting American tourism.
We still have an embargo on Cuba to this day, that is why Cuban cigars are illegal!

18. Cuban Economic Embargo

19. JFK & Fidel Castro