HIST 106 Lecture Notes - Lecture 19: GlassโSteagall Legislation, Temporary Assistance For Needy Families, Dream Act
14 Dec 2017
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Document Summary
Bill clinton sells himself through the economy. The amount people were making who were not business owners fell (minimum wage fell) economic expansion. Economy was booming in 1991. part of the longest uninterrupted period of. Cozy relationship between business and the government. In 1996, congress passes telecommunications act which offers millions of dollars to existing broadcasting companies. Starting with reagan, leaders have deregulated business and industries. While this garnered huge profits, there were problems. At 1999 (at the end of bill clinton"s presidency) he repeals the glass steagall act. Wall street can now invest in private, corporate and commercial banking. People were speculating in land and investing in things people. People are assessing risk (aka 2008 real estate bust) have never seen. Salary: a ceo in 1965 made 26 times the average worker. in 1999, it was 310. Bill gates" personal wealth is equal to the bottom 40% of the united states times that.
