Here is the synopsis of our sample research paper on GETTING THE U.S. OUT OF A DEEP RECESSION. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper focuses on advice and recommendations to the President of the United States for easing the country out of a severe recession. Bibliography lists 2 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTusrecess.doc
Buy This Term Paper »
Unformatted sample text from the term paper:
the United States. The President, in turn, is being asked to deal with a severe recession, one characterized by high unemployment (8 percent) and a negative inflation rate (in which
prices are falling). The Presidents other economic advisors and consultants have provided a variety of recommendations ranging from lowering interest rates, to raising taxes and reducing government spending, to raising
the Federal bank reserve requirement, to expanding both fiscal and monetary policies. This latter includes increasing the monetary supply by buying bonds and raising interest rates.
Those who studied the Great Depression of the 1930s (and have used examples from that financial disaster to offer advice on how to move forward from
the Great Recession of the 2000s) point out several factors. First, fiscal policy (i.e., raising or lowering taxes) were not really used at the start and during the Great Depression
- there were more concerns about the federal deficit; though President Franklin Roosevelt in the 1930s ratcheted up government spending, it was overall quite small (Romer, 2009).
But on the monetary side, Federal Reserve Board Governor Ben Bernanke, who has made a study of the Great Depression, points out that fault for the
Great Depression lies with the Fed at the time, which significantly tightened monetary policy throughout much of the 1920s; especially beginning in 1920 and until the stock market crash of
1929 (Bernanke, 2004). Furthermore, during the Great Depression, the Fed raised interest rates (rather than lowering them) because of fear that speculators would liquidate dollar assets (especially as those assets
were backed, at the time, by a gold standard) (Bernanke, 2004). This, however, led to a decline in output, prices and the money supply. Bernanke also points out huge problems
...