Outline of the U.S. Economy

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Outline of the U.S. Economy
Chapter 1
CONTINUITY AND CHANGE
Chapter 2
HOW THE U.S. ECONOMY WORKS
1. Basic Ingredients of the U.S. Economy
2. A Mixed Economy: The Role of the Market
3. Government`s Role in the Economy
4. The Growth of Government
Chapter 3
The U.S. Economy: A Brief History
1. The New Nation`s Economy
2. Government Involvement
3. The Postwar Economy: 1945-1960
4. Years of Change: The 1960s and 1970s
5. The Economy in the 1980s
6. The 1990s and Beyond

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The American belief in "free enterprise" has not precluded a major role for government, however. Americans at times have looked to government to break up or regulate companies that appeared to be developing so much power that they could defy market forces. They have relied on government to address matters the private economy overlooks, from education to protecting the environment. And despite their advocacy of market principles, they have used government at times to nurture new industries, and at times even to protect American companies from competition.
As the sometimes inconsistent approach to regulation demonstrates, Americans often disagree about the appropriate role of government in the economy In general, government grew larger and intervened more aggressively in the economy from the 1930s until the 1970s. But economic hardships in the 1960s and 1970s left Americans skeptical about the ability of government to address many social and economic issues. Major social programs - including Social Security and Medicare, which, respectively, provide retirement income and health insurance for the elderly - survived this period of reconsideration. But the growth of the federal government slowed in the 1980s.

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