End of Cold war and Globalization

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Slide1: 

A New Economic Order The Cold War Ends Challenges in the Middle East Globalization Since 1977

A New Economic Order: 

A New Economic Order Decline of manufacturing

A New Economic Order: 

A New Economic Order 2004: average wage -$16.50/hr manufacturing -$9.10/hr hotels, food, and other services

A New Economic Order: 

A New Economic Order 1970: General Motors the largest corporation 2005: Wal-Mart, the largest corporation

A New Economic Order: 

A New Economic Order

A New Economic Order: Budget Deficits: 

A New Economic Order: Budget Deficits

A New Economic Order: Growing Inequality: 

A New Economic Order: Growing Inequality

Racial and Ethnic Inequality: 

Racial and Ethnic Inequality

Racial and Ethnic Inequality: 

Racial and Ethnic Inequality

The Cold War Ends: 

The Cold War Ends Nuclear weapons negotiations 1963: Limited Test Ban Treaty 1970: Nuclear Non-Proliferation Treaty A brief effort at détente under Nixon Visits to China, Soviet Union SALT treaty limits defensive missiles The Cold War intensifies, 1980 Soviet invasion of Afghanistan

The Cold War Intensifies: 

The Cold War Intensifies Reagan declares an “evil empire” and promotes defense build-up

The Cold War Ends: 

The Cold War Ends Gorbachev promotes domestic reforms, withdraws from Afghanistan U.S. and Soviet Union agree to nuclear weapons reductions

The Cold War Ends: 

The Cold War Ends “Bloodless” revolutions in Eastern Europe The Berlin Wall Falls, 1989 The Soviet Union Falls Apart, 1991

Disintegration of the Soviet Union: 

Disintegration of the Soviet Union

Globalization: 

Globalization Mobility of capital, people, and products across national borders Free trade agreements NAFTA World Trade Organization

Globalization: Problems: 

Globalization: Problems Interdependence: national economic crises spread rapidly Weakening of the regulatory state Working standards Environmental protections Impact on U.S. jobs Manufacturing moves abroad Service work exported

A Globalizing America: 

A Globalizing America

A Multi-ethnic America: 

A Multi-ethnic America U.S. population in 2000 13% Hispanic 12% African American 4 % Asian 1% American Indian

Challenges in the Middle East: 

Challenges in the Middle East U.S. dependence on oil: consumes 25% of world’s oil, while possessing 3% of world’s oil reserves

World’s Oil Reserves: 

World’s Oil Reserves

Challenges in the Middle East: 

Challenges in the Middle East The Israeli-Palestinian conflict 1948: Israel created after decades of Israeli-Palestinian strife 1967: The Six Day War: Israel occupies the Sinai, Golan Heights, Gaza, and the West Bank 1973: The Yom Kippur War: U.S. airlifts arms to Israel; Arab oil producers cut off supplies

The Israeli-Palestinian Conflict: 

The Israeli-Palestinian Conflict Israel’s right to exist Terrorist violence against Jews Israeli occupation of the West Bank, Golan Heights and Gaza Palestinians’ “right of return”

Challenges in the Middle East: 

Challenges in the Middle East 1979-81: Iranian Revolution, hostage crisis 1980s: Iraq-Iran War The Persian Gulf War, 1991 Limited aims: expel Iraq from Kuwait Broad coalition: UN, major allies, Russia, and Arab nations Saddam Hussein turns on Shiites in the South and Kurds in the North; interferes with UN arms inspections

Since 1877 : 

Since 1877 U.S. the largest, most prosperous economy in the world U.S. the greatest military power in the world Enormous increase in the standard of living Expansion of rights—women, minorities, people with disabilities

Yet: 

Yet Income polarization, racial and ethnic inequities A debt-encumbered economy: federal deficit and dependence on foreign investment The threat of nuclear weapons and terrorism