Economy+In+The+1990's+Haley

 Global Trade in the 1990's 
 * In the first half of the 90’s, electronic equipment was the object the contributed the most to the expansion of global trade. Exports of these products rose an average of 14.8% a year which rose the value of the exports.
 * Agricultural, fishery, and mining products fell in the first half of the 90’s, but industrial manufactures rose.
 * Developing countries were the U.S. main source of new demands of the U.S. agricultural exports.

Bill Gates & Computer Industry
 *  Wrote his first software program when he was 13
 *  In 1975 he started to develop software for the first microcomputer
 *  In the beginning of the 90’s he had become the computer industry’s kingmaker
 * In 1995 he focused Microsoft on the development of enterprise and consumer software solutions for the internet
 * Created the Microsoft Network to compete with other internet providers
 *  Launched the William H. Gates Foundation in 1994 to fund global health programs

NAFTA
 * North American Free Trade Agreement started on January 1st, 1994
 * Environmental, consumer, labor and religious groups opposed NAFTA and believed that it would destroy a ton of good jobs in the U.S., lower wages, and threaten environmental, food and health safety
 * <span style="color: rgb(9, 134, 9); font-family: Tahoma,Geneva,sans-serif;">Other groups promoted NAFA including large corporations and they promised that it would create many U.S. jobs with high wages, have better living standards, improve environment conditions and make Mexico a new marked for exports for the U.S.
 * <span style="color: rgb(9, 134, 9); font-family: Tahoma,Geneva,sans-serif;">It broke many promises and it threatened safety on the food supply and it cost the U.S. good jobs.
 * <span style="color: rgb(9, 134, 9); font-family: Tahoma,Geneva,sans-serif;">Many commitments that Clinton made to get NAFTA passed were not fulfilled.
 * <span style="color: rgb(9, 134, 9); font-family: Tahoma,Geneva,sans-serif;">The reason for so many different thoughts on NAFTA because it was an experiment that was never done before. It had a lot of rules and limits. There were limits on inspection of meat in stores, raised the price of medicines and it eliminated the option to use U.S. tax dollars to purchase U.S. made products or food locally grown. It was more of an investment than a trade. Many people that went along with NAFTA never actually read into it and it caused a lot of damage to many people.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(9, 134, 9);">It broke many promises for farmers and ranchers. They were promised that they could export goods and they would be successful. They also promised that there would be lower food prices for consumers. These promises never went through, the opposite actually happened. Farm income went down and consumer prices went up.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(9, 134, 9);">Since NAFTA, the trade surplus fell by $1.498 billion and has declined more rapidly than the US worldwide trade in agricultural products.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(9, 134, 9);">The main focus of NAFTA was to create more jobs in the US, but it was a failure because it caused job loss. Over 412,177 Americans were affected by NAFTA and lost their jobs. Low paying jobs were the only ones available to the people that lost their jobs because of NAFTA.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(9, 134, 9);">NAFTA had promised many things to improve lives of Americans, but all it did was the opposite and make living conditions harder for them.

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<span style="font-size: 200%; font-family: Tahoma,Geneva,sans-serif; background-color: rgb(10, 0, 0); color: rgb(169, 40, 169); text-align: center; display: block;">Supply-Side Economics
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">People believed that if the supply of something is low, then they could raise the price because more people would want it.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Income levels affect the ability to produce goods that people value.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Also used to describe how tax rate changes affect the economic activity. Supply-side economists believe that high tax rates discourage income, output and the efficiency of using resources.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Also known as "Reaganomics"
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Idea that greater tax cuts for investors will help save, invest, and produce economic benefits that will improve the whole economy
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Has 3 policies: tax policy, monetary policy and regulator policy
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">The main idea behind all of this is that the production of goods determines the economic growth.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Idea that lower tax rates on savings will lead to higher savings. Higher saving leads to more economic investments, which will lead up to greater economic growth.
 * <span style="font-family: Tahoma,Geneva,sans-serif; color: rgb(90, 22, 90);">Economic growth did go up in the 1990s, but employment growth also went down.

<span style="font-size: 200%; font-family: Tahoma,Geneva,sans-serif; color: rgb(255, 255, 255); background-color: rgb(0, 0, 0); text-align: center; display: block;">Works Cited <span style="font-family: Tahoma,Geneva,sans-serif;"><span style="color: rgb(51, 51, 51); font-family: Arial; font-size: 12px; line-height: 15px;">"Bill Gates." __Encyclopædia Britannica__. 2009. Encyclopædia Britannica Online. 21 May. 2009 <**[]**>. <span style="font-family: Tahoma,Geneva,sans-serif;">"Public Citizen | NAFTA and Environment, Health and Safety - NAFTA and the Environment, Health and Safety." __Public Citizen | Welcome__. 31 May 2009 <http://www.citizen.org/trade/nafta/chapter11/>. <span style="font-family: Tahoma,Geneva,sans-serif;">"Supply-Side Economics: The Concise Encyclopedia of Economics |." __Library of Economics and Liberty__. 31 May 2009 <http://www.econlib.org/library/Enc/SupplySideEconomics.html>. "Take a Walk on the Supply Side: Tax Cuts on Profits, Savings, and the Wealthy Fail to Spur Economic Growth." __Center for American Progress__. 31 May 2009 <http://www.americanprogress.org/issues/2008/09/supply_side.html>. "Understanding Supply-Side Economics." __Welcome to Investopedia.com - Your Source for Investing Education__. 31 May 2009 <http://www.investopedia.com/articles/05/011805.asp>.

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