U.

S Economy in Crisis

By: Sana, Amir, Trivette,

Imanie
Current economy in the U.S

The current economy of the U.S is “Mixed Economy”.

It consists of command, market and traditional
economies.

Command economy: everything is done by the

government.

Market economy: Handled by different organizations by people

Traditional economy: Customs, beliefs, and traditions shape them up.

 Proposal
The U.S currency has it’s ups and downs but it’s
worth still stays on top of most of the countries
worldwide except the euros which is an exception.

The flaws our current government has is the President and the new laws that are
being put in place. It needs to be justice for the rich and the poor , after all the
pledge of allegiance says it best . There are more opportunities in various places
for more success but the poor struggles to succeed due to their lower income .
The rich gets more money and more profit as they use modern machinery but
the poor who does hard work gets less. In order to change this we need a better
economic system .
The Value of U.S. Currency v.s. Other countries
Is American money worth more or less than any other country?

U.S. currency v.s. Europe currency

$1.00 $ 1.17 Europe currency is more than U.S. currency
U.S. currency v.s China currency
$0.15 1 yuan China's currency is less than U.S. currency
U.S. currency v.s Haiti currency
$0.016 1 gourde Haiti’s currency is less than U.S.
U.S. currency v.s. Belize currency
$0.50 $1.00 Belize currency is less than U.S. currency
Belize money

Haitian money
Type of Economy in U.S- About it.
The economy system of the U.S we chose is mixed economy.
It involves the government and the other private companies of people.

Characteristics:
- It allows free market and laws of demand and supply market.
- It allows the government to safeguard the market and the people.

Advantages:
- The organizations could neglect the areas like defence and aerospace so the
government can look over that.
- it also helps in demand and supply which means those products are produced
which the people need the most.
- it also encourages innovation- a new idea to make the produce for customers.
 How can it be better with the same system and what impact would the
economy have with it?
This system is the perfect for a country to be
runned properly. Only the way how the
government does.
Looking at the chart,
- the government is spending on the military the
most but if we adjust that money in other sectors
like Transportation it would meet the needs. It
should be free.
- Remove the tax on food and water.
- Lower the prices of the goods even if they’re of
demand and sell since the demands would be of
higher rates for competition and it would hurt the
poor.
Social Structure
In The United States there will be a taxation policy, in the taxation policy every
social class would have to pay a certain amount of taxes depending on their
social status. It’ll be like that because not every American makes the same
amount of income. Depending on your income status if you make a low income
your tax rate would be lower than a person who makes makes a higher income
than you. In the United States taxation policy ( money paid as tax.) is divided by
brackets. Tax rates start at ten percent, then slowly increases depending on how
much you make a year.
Tax Bracket
We kept the economy same. Arguement:
We all talked and came out with a conclusion that the economy should be kept
the same with the interference of the government as if it was left only to the
people there would not be a governor to control them so a government is needed
but not with too much interference.
Only during times when we need a “ helping hand”, etc.
During the other times, the people should have their right to do whatever
business they want to open but it should also pass under the government rule so
it knows what’s going on and help help help whenever it’s needed. That’s the
most basic goal we are trying to reach it.
LINKS
Trivette:
https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/
https://www.thebalance.com/market-economy-characteristics-examples-pros-cons-3305586

https://www.google.com/search?q=taxation&rlz=1CAACAM_enUS764&oq=taxation&aqs=chrome..69i57j0
l5.2779j0j7&sourceid=chrome&ie=UTF-8&safe=active&ssui=on

Sana:
https://www.thebalance.com/market-economy-characteristics-examples-pros-cons-3305586

http://countrystudies.us/united-states/economy-2b.htm

https://www.thebalance.com/mixed-economy-definition-pros-cons-examples-3305594
End Slide