Describe Some of the Values That Have Historically Shaped American

question 52

Essay

Describe some of the values that have historically shaped American foreign policy. What were the key values during the nineteenth century? How did World War II affect or change those values? Describe the intermingling between domestic and foreign policy goals.

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Definitions:

Short-Run Economic Fluctuations

Variations in the pace of economic activity, typically characterized by changes in GDP, unemployment, and other indicators, happening over a short period.

John Maynard Keynes

A British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments, known for advocating increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Aggregate Demand

Aggregate ask for products and services within an economy, designated at a particular all-encompassing price level throughout a specified interval.

Unemployment

Unemployment is the situation where individuals who are capable of working and are actively seeking employment are unable to find a job.