HST 369 Lecture 10: Notes November 9th
29 Nov 2016
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Go(cid:448). is(cid:374)(cid:859)t supposed to (cid:271)ailout the pri(cid:448)ate se(cid:272)tor so the(cid:455) are hesita(cid:374)t to do so, but approve it the loan. They approve because they feel the impact to the overall economy by letting. Two goals of the federal reserve, eliminate unemployment and decrease inflation. Volker decides that his main goal is to tame inflation shrink the money supply (interest rates go up) restrict growth. Interest rates raise massively, economic growth stops, and a recession begins: (cid:862)the sta(cid:374)dard of li(cid:448)i(cid:374)g of the a(cid:448)erage a(cid:373)eri(cid:272)a(cid:374) has to de(cid:272)li(cid:374)e(cid:863) volker. Legacy of the cia: lead by islamic clerics who have returned from living in exile, try to overthrow the leader i(cid:373)ple(cid:373)e(cid:374)ted (cid:271)(cid:455) the u(cid:374)ited tates i(cid:374) the (cid:1009)(cid:1004)(cid:859)s, (cid:272)reated a hatred of the united states. Hostages in us embassy for over 400 days: first time that islamic fundamentalism comes to the world stage as a threat to america, until now the only threat we have known we have known is soviet.
