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Bill clinton impact on economy
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On January 20th, 1993 Bill Clinton is sworn in as the 42nd President of the United States and to many in the future this would be one of the best occasions in U.S. history, for the reason that Bill Clinton drastically improved the American economy since he assumed office. Under Clinton’s presidential administration, the United States enjoyed the lowest unemployment and inflation rates in recent history as well as soaring high home ownership and very low crime rates (Clinton Presidency). Clinton, a very wealthy man, from a very wealthy family is the definition of someone courageous that stood up for his beliefs and in addition, was also a patriot who decided to help the American people improve their economic situation and eventually “Climb up the economic ladder”, to then …show more content…
Clinton’s presidency is remembered as one of the most successful of the 20th century; not only for his enormous domestic accomplishments and foreign-policy achievements,but also for creating a stronger nation at the beginning of a new century (PBS). Americans and people around the world may wonder what caused President Bill Clinton to improve the economy in the United States of America, and actually work hard, be persistent, and have courage in the face of adversity. The majority of the American people would have thought that recently elected President Bill Clinton would have not been a “people’s president” and just wanted to be elected president to gain power, and get rich; but they were completely wrong. On the other hand, as soon as president Bill Clinton and Vice President Al Gore were elected into office, they immediately launched their economic strategy, which was split into three sections. The first section contained, “establishing fiscal discipline eliminating the budget deficit and keeping interest rates low”. Equally important, the second section included, “investing in people through education, training, science, and
The New York governor captivates his audience with the image of a “better tomorrow” in the hands of a Democratic president. President Reagan was in office until 1989 when he was succeeded by another Republican president, George H. W. Bush. His term saw a mere 2% GDP increase until 1993 when the United States inaugurated the first Democratic president in over twelve years. President Bill Clinton’s strategic fiscal discipline created over 22 million jobs, while unemployment for African Americans and Hispanics fell to the lowest rates on record. The Clinton years are remembered as an era of progress and prosperity in America, and they fulfilled Cuomo’s vision of an abundant
Leading up to the year 1981, America had fallen into a period of “stagflation”, a portmanteau for ‘stagnant economies’ and ‘high inflation’. Characterized by high taxes, high unemployment, high interest rates, and low national income, America needed to look to something other than Keynesian economics to pull itself out of this low. During the 1980 election, Ronald Reagan’s campaign focused on a new stream of economic policy. His objective was to turn the economy into “a healthy, vigorous, growing economy [which would provide] equal opportunities for all Americans, with no barriers born of bigotry or discrimination.” Reagan’s policy, later known as ‘Reaganomics’, entailed a four-point plan which cut taxes, reduced government spending, created anti-inflationary policy, and deregulated certain products.
success. In many aspects, he can be regarded as the first modern president, as he confronted and
Calvin Coolidge even said, "In other periods of depression, it has always been possible to see some things which were solid and upon which you could base hope, but as I look about, I now see nothing to give ground to hope—nothing of man." People were scared and did not know what to do to address the looming economic crash. As a result of the Depression’s seriousness and severity, it took unconventional methods to fix the economy and get it going again. Franklin D. Roosevelt and his administration had to think outside the box to fix the economy. The administration changed the role of the government in the lives of the people, the economy, and the world.
For the past century, the United States has been regarded as the greatest hegemonic power in the world. The U.S. played the most important role in the advancement of mankind from social, political, scientific, military, and economic standpoint. Unfortunately, today this is no longer true. Since the 1980’s the U.S. has been on a gradual decline. The introduction and implementation of trickle down economics, otherwise known as “Reaganomics,” has contributed greatly to the systemic dismantling of the socioeconomic structure that made America great.
President Franklin Roosevelt was one of the greatest presidents in the history of the United States. He created economic stability when the United States was suffering through the Great Depression. In his first three months of office, known as the Hundred Days, Roosevelt took immediate action to help the struggling nation.1 "In a period of massive unemployment, a collapsed stock market, thousands of banks closing for lack of liquidity, and agricultural prices fallen below the cost of production," Roosevelt passed a series of relief measures.2 These relief measures, known as the New Deal, provided help for individuals and businesses to prevent bankruptcy. Also, the New Deal is responsible for social security, welfare, and national parks. A further reason why Roosevelt is considered a great president is because he was a good role model for being determined in his...
Have you ever wondered what it would be like to live in the early 1900s? The turn of the century left Americans feeling more optimistic about life (Woog 4). People were honest and kind (Woog 5). The 1900s can be remembered as a happy time, but also a time of hardship for some Americans (Woog 5). Theodore Roosevelt, President 1901-1910, guided America in a way in which he created laws to help the social and economic problems of the time as well as improving politics by being a strong leader and recognizing the true needs of the country.
From the day that Ronald Reagan was elected President of the United States, in November 1980, he had a huge task ahead of him, to develop an economic plan or policy to implement into the national economy. President Reagan felt that he needed to base his economic program on the basis of supply side economics (Encyclopedia Britannica, Britannica.com, 2000). This theory is a very complex idea that President Reagan developed himself, so many people gave it the name of Reaganomics (Encyclopedia American, gi.grolier.com , 2000). The theory of Reaganomics called for a significant reduction in all forms of taxes and an adequate cutback on governmental spending so there will be more money in the hands of the American citizens. The main goal of the supply s...
But economically, Roosevelt and his “brains trust” had no idea what they were doing. They attempted one failed intervention after another. The Great Depression was a disaster, and sadly an avoidable one.” (Edwards, 2005)
In conclusion, President Clinton’s apologia was a successful speech considering its overall effectiveness on the general public. The speech repaired his image and turned the public sentiment tilted more strongly toward his side by emphasizing that he mislead people only because of his embarrassment and his desire to protect his family. While there are still weaknesses in the speech, the public opinion polls conducted later suggested that the majority of Americans were fairly satisfied with his debate, and again proving that his apologia speech accomplished his aim and purpose.
The modern presidency reached its initial fulfillment during the presidency of Franklin Roosevelt. Under the stimulus of the New Deal, World War II, and the entrepreneurial leadership of Franklin Roosevelt, there was a huge expans...
Preamble As we look back upon the 20th Century, we see the birth of American prominence. The century is marked by glorious American achievements ranging from the birth of the Space Age to the development of the Information Age. Now, as we venture through the new millennium, the potential for further American prosperity is enormous. At times this journey will be a perilous quest, but with valiant leadership this nation shall flourish.
There was general prosperity in America following the Second World War, however in the 1970s inflation rose, productivity decreased, and corporate debt increased. Individual incomes slipped as oil prices raised. Popular dissent surrounding the economic crisis helped Reagan win the 1980 election under promises to lower taxes, deregulate, and bring America out of stagnation. Many New Right supporters put their faith in him to change the system. To start his tenure, Reagan passed significant tax cuts for the rich to encourage investment. Next he passed the Economy Recovery Tax Act that cut tax rates by 25% with special provisions that favored business. Reagan’s economic measures were based on his belief in supply-side economics, which argued that tax cuts for the wealthy and for business stimulates investment, with the benefits eventually tricking down to the popular masses. His supply-side economic policies were generally consistent with the establishment’s support of free market, ...
As a result from extreme hard work and perseverance followed by an unmatchable drive to succeed, Donald J. Trump has earned the right to be known as a multi-billionaire, real estate icon, and President of the United States of America. Reflecting on his life, he has faced many challenges and overcame them all. To understand how he rose to success and his journey to the top of the kingpin, it is important to recognize how he saw the american dream and pursued it. Today, many recognize him as the president but very few can fully grasp all that he has done in his life. From his start as a real estate mogul, to his impact on media, there are many questions as to how he became so recognizable today.
President Clinton did have many great accomplishments during his first term but also did have some failures. Many political and personal scandals arose during his first term as the President. One instance involved the Whitewater River Project in Arkansas where it was said that the Clinton’s had illegal relations with a failed savings and loan in which they had profited off of. The other included a civil suit that involved Clinton sexually harassing a state employee Paula Corbin Jones while he was the Governor of Arkansas. Investigations of the above allegations lead to the knowledge of the Monica Lewinsky scandal. Clinton was said to have had sexually relations with Lewinsky. Clinton denied these allegations and even appeared in front of the