Great Depression- Hoover- perceived lasise faire policy
     Hoover's plan included increasing government spending and bailing out banks and cutting taxes
     Bound by Republican Party philosophy but didn't want to wait around and do nothing
      Stock market crash was caused by buying stock on credit and extreme stock price inflation
      Favored letting market work itself out
      After, FDR created New Deal policies (Medicare, medicade, social security, etc) which Hoover opposed and criticized

Cold War: FDR- Reagan

 FDR: 1933-1945 dem
Truman: 1945-1953 dem
Eisenhower: 1953-1961 repub
Kennedy: 1961-1963 dem
LBJ: 1963-1969 dem
Nixon: 1969-1974 repub
Ford: 1974-1977 repub
Carter: 1977-1981 dem
Raegan: 1981-1989 repub

Truman- Marshall plan- start of Cold War
1949 Soviet Union developed first atomic bomb and Cold War became nuclear
Eisenhower admin- McCarthyism
Kennedy- ussr built Berlin Wall
        1962- Cuban missile crisis, bay of pigs
         1962-1975 Vietnam war
***70's Iran oil blockade gas prices increase
1957-1969 space race
 1939-1946 FDR Manhattan project
Soviets in Afghanistan 1979-1988
1991 Berlin Wall fell
Regan technically ended Cold War
1961- Kennedy ends relations w Cuba

Raegan- cut taxes, slashed spending, and deregulated economy. Wanted to get government "off the backs" of the American people
Paul volker- fed chairman- used contractionary monetary policy to stop inflation. Criticized for not using expansionary for short term gain but contractionary did well long term
Wall Street boomed in great bull era but this did not benefit two thirds of Americans- a period where segregation of the classes grew and extreme growth of upper class and stagnation of middle and lower class


1950's - age of consumerism led by Eisenhower

Carter admin- Iranian hostage crisis, 70's stagflation and oil crisis. More focus on international economy which means more competition and leads to economic turmoil because domestic producers can't keep up

90s were good some credit bill some say luck we may never know
Lewinski
Debt ----> surplus
Tech boom
.com bubble