PDF-PAPERCRONY CAPITALISM: By-Product of Big Government By Randall G. Holc

Abstract Crony capitalism describes an economic system in which the profitability of firms in a market economy is dependent on political connections The term has been used in the popular press but. Political economy = interaction between the economy and government. Chapter 2. Impact corporations have on politics. Chapter 3. History of American Political Economy. Government’s role in sustaining capitalism. Why Capitalism Works. http://www.youtube.com/watch?v=w6adVQrSUAc. Prager. University, George Gilder (social critic and author). Notes. Know that capitalism is an economic paradigm:. here the capacity to produce goods and. Effects of Federal . Housing Administration (FHA. ) & Home Owners Loan Corporation (HOLC). . Governmental Policy. What is the FHA?. The . Federal Housing Administration. (. FHA. ) is a United States government agency created as part of the National Housing Act of 1934. . Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. S. Todd. Capitalism vs. Communism. Capitalism. and . communism . are opposing schools of thought in . economics and politics. The central arguments in the communist/capitalist debate are about:. Economic equality . . Socialism, and. . Communism. Capitalism. “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” - Smith. Amy De la Cruz. Lizbeth Morales. Luis Munoz. Ruby Perez. In the 1900’s, the world’s developed nations fell into 3 categories of economic systems-communism, socialism and capitalism.. Capitalism. Capitalism: the means of production are privately owned. Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. By Dr. Frank Elwell. The Economic System. The way that a society is organized to produce and distribute goods and services is the crucial determinant in the way the other institutions are organized.. Understanding Economic Systems. Adapted from a presentation created by Mr. Blair. What standard of living do you hope to attain in life? How do you plan to accomplish this goal?. Warm Up Question #1. Industrial revolution spreads….. Rising Economic Powers are all industrial. Each will want access and control over RAW MATERIALS and MARKETS. raw materials: . Markets:. Q: What might happen when industrial nations want what NON-industrial nations have? What effect will the “industrial vs. NON-industrial tension” have on the world?. Understanding Economic Systems. Adapted from a presentation created by Mr. Blair. What standard of living do you hope to attain in life? How do you plan to accomplish this goal?. Warm Up Question #1. LT#2: Describe the development and effects of capitalism, utopianism, socialism and communism. Big Change. Prior to Industrialization: The Feudal System!. People lives centered on . the castles that they lived in.. labour. , natural resources, and entrepreneurship are controlled and regulated by private businesses.. In a capitalist economy, the production of all the goods and services is dependent on the demand and supply in the market that is also known as a...