Just a discussion
"The 80s and Deregulation" USING ONLY THE TEXT BOOK, THE ON LINE LECTURE AND THE AMERICAN HISTORY MUSEUM
- From the scenario, discuss two (2) areas of the United States economy that Ronald Reagan deregulated in the eighties. Explain at least two (2) methods the Reagan Administration used to deregulate these particular agencies or programs. Explain the fundamental reasons why you believe that these agencies or programs came under Reagan's scrutiny in the first place. Provide evidence from the course materials for your response.
- Discuss the Savings & Loan crisis under Reagan and how easing government supervision (de-supervision--not enforcing existing regulations) and deregulation (Garn-St.Germain Depository Institution Act)--deregulated S&Ls almost entirely, allowing commercial lending and providing for a new investment opportunities for customers to compete with commercial banks and mutual funds. This was a Reagan administration initiative that passed with strong bi-partisan support and impacted the U.S. economy overall and may have had roles in laying the foundation for the Great Recession of 2008. Provide evidence from the course materials for your response.
- Based on what you have learned, in general, is government deregulation a good thing, explain?