scholarly journals The Potential Effects of Biden’s Infrastructure Bill on the American Economy

2021 ◽  
Vol 2 (5) ◽  
Author(s):  
Victor Kilanko

With the world still battling COVID-19 and the attendant effect on the economy, the almost new President Biden’s administration proposed the Build Back Better agenda to get America and Americans working again. This paper is written to address the effect of the proposed infrastructure bill on the American economy. Comparison is drawn between the infrastructure bill and Franklin D. Roosevelt’s new deal before World War II. It is understood that the bill may increase inflation because of the effect of expected inflation, but the bill may also increase aggregate demand and aggregate supply which will be of overall net benefit to the economy.

Author(s):  
Thomas Grillot

This chapter shows how the contradictions and frustrations surrounding veterans came to a head with the onset of the “Indian New Deal” initiated by Franklin D. Roosevelt's Indian commissioner, John Collier. As Collier pushed his agenda of reform and return to communal landholding on Indian reservations, patriotism became the privileged weapon of an active minority of veterans spearheading resistance to the New Deal. Moreover, World War II proved a very favorable moment to realize a rhetorical and organizational connection that linked patriotism, the conservative defense of Indians' civic rights, and the rising tide of termination. At the end of the 1940s, the World War I generation reached the peak of its influence in Indian country and demonstrated the complexity of Indian patriotism. A new generation of Indian soldiers was soon to take their place. They would turn ceremonies popularized with World War I into a new, modern Indian tradition.


2014 ◽  
Vol 19 (3) ◽  
pp. 477-507 ◽  
Author(s):  
John W. Keating ◽  
Victor J. Valcarcel

A time-varying-parameter VAR for real output growth and inflation is estimated with annual U.S. series dating back to 1870. Volatility for both variables rises quickly with World War I and its aftermath, stays high until the end of World War II, and drops rapidly until the 1960s. This Postwar Moderation yields the largest decline in volatilities, surpassing the Great Moderation. Conditional on temporary shocks, inflation and output growth are positively correlated. Our model implies that aggregate demand played a key role in inflation volatility fluctuations. Conversely, the two variables are negatively correlated conditional on permanent shocks. Our model suggests that aggregate supply played an important role in output volatility fluctuations. Most impulse responses support an aggregate supply interpretation for permanent shocks. However, before World War I, a permanent increase in output raised the price level at longer horizons, and these responses are frequently statistically significant. This evidence supports the hypothesis that aggregate demand had a long-run positive effect on output during the pre–World War I period.


2019 ◽  
Vol 35 (2) ◽  
pp. 231-254
Author(s):  
Andreu Espasa

De forma un tanto paradójica, a finales de los años treinta, las relaciones entre México y Estados Unidos sufrieron uno de los momentos de máxima tensión, para pasar, a continuación, a experimentar una notable mejoría, alcanzando el cénit en la alianza política y militar sellada durante la Segunda Guerra Mundial. El episodio catalizador de la tensión y posterior reconciliación fue, sin duda, el conflicto diplomático planteado tras la nacionalización petrolera de 1938. De entre los factores que propiciaron la solución pacífica y negociada al conflicto petrolero, el presente artículo se centra en analizar dos fenómenos del momento. En primer lugar, siguiendo un orden de relevancia, se examina el papel que tuvo la Guerra Civil Española. Aunque las posturas de ambos gobiernos ante el conflicto español fueron sustancialmente distintas, las interpretaciones y las lecciones sobre sus posibles consecuencias permitieron un mayor entendimiento entre los dos países vecinos. En segundo lugar, también se analizarán las afinidades ideológicas entre el New Deal y el cardenismo en el contexto de la crisis mundial económica y política de los años treinta, con el fin de entender su papel lubricante en las relaciones bilaterales de la época. Somewhat paradoxically, at the end of the 1930s, the relationship between Mexico and the United States experienced one of its tensest moments, after which it dramatically improved, reaching its zenith in the political and military alliance cemented during World War II. The catalyst for this tension and subsequent reconciliation was, without doubt, the diplomatic conflict that arose after the oil nationalization of 1938. Of the various factors that led to a peaceful negotiated solution to the oil conflict, this article focuses on analyzing two phenomena. Firstly—in order of importance—this article examines the role that the Spanish Civil War played. Although the positions of both governments in relation to the Spanish war were significantly different, the interpretations and lessons concerning potential consequences enabled a greater understanding between the two neighboring countries. Secondly, this article also analyzes the ideological affinities between the New Deal and Cardenismo in the context of the global economic and political crisis of the thirties, seeking to understand their role in facilitating bilateral relations during that period.


2019 ◽  
Vol 20 (2) ◽  
pp. 37-41
Author(s):  
Maftuna Sanoqulova ◽  

This article consists of the politics which connected with oil in Saudi Arabia after the World war II , the relations of economical cooperations on this matter and the place of oil in the history of world economics


Author(s):  
Pavel Gotovetsky

The article is devoted to the biography of General Pavlo Shandruk, an Ukrainian officer who served as a Polish contract officer in the interwar period and at the beginning of the World War II, and in 1945 became the organizer and commander of the Ukrainian National Army fighting alongside the Third Reich in the last months of the war. The author focuses on the symbolic event of 1961, which was the decoration of General Shandruk with the highest Polish (émigré) military decoration – the Virtuti Militari order, for his heroic military service in 1939. By describing the controversy and emotions among Poles and Ukrainians, which accompanied the award of the former Hitler's soldier, the author tries to answer the question of how the General Shandruk’s activities should be assessed in the perspective of the uneasy Twentieth-Century Polish-Ukrainian relations. Keywords: Pavlo Shandruk, Władysław Anders, Virtuti Militari, Ukrainian National Army, Ukrainian National Committee, contract officer.


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