HIS 105 WEEK 9 DISCUSSION
Part 1: Post a Response
By the 1990s, the US was stepping into the “Information Age”. This would coincide with the presidency of Bill Clinton. One can also see this as a period when global connections really became more visible and faster, in part because of new trade agreements around the globe. In North America, there was NAFTA—the North American Free Trade Agreement. By the late 1990s the US economy was entering a dynamic period of growth.
Choose and discuss one of the following two topics related to the American history under President Clinton:
1. Discuss opposing viewpoints about free trade during the 1990s.
o For the period of the Clinton presidency, identify one view of those favoring “free trade” and one view of those who were opposed.
o Explain how you would weigh the pros and cons of this policy. In hindsight, what is your view of NAFTA? Is globalization good?
o Identify the source(s) where you read about these “free trade” issues of that time.
2. Discuss the “economic rebound” of the late 1990s under President Clinton.
o Identify three of the “package” of changes that characterized the economic boost of the “information revolution” in the late 1990s.
o Discuss and explain what you think was the most important of these changes. What can we learn from that sort of period of economic rebound?
Identify the source(s) where you read about these changes during the late 1990s. For guidance, view this short video.
NOTE: MORE THAN ONE ANSWERS PROVIDED CHOOSE ANY
One of the favoring views of the “free trade agreement,” was that it would boost the economy by lowering the price to consumers, this would allow the products to be shipped at lower costs, which would, in turn, lower the cost to the buyer. This would also allow the consumer to ship more items for a lower price than before the agreement. This method is work for a time as the gross domestic product (GDP) went up, and the unemployment numbers went down. However, most of the jobs that were created were in the information sectors, which were not part of a union, and this only established a more significant division of wealth.
One of the opposing views of the “free trade agreement,” was the fear that American companies would move their companies overseas. This was one of the most prevalent problems foreseen by the critics. Many American companies moved across seas where the labor was extremely inexpensive, and it did not matter that they had to ship the products across seas. American companies also moved so that they could avoid paying taxes in the United States.
I believe that there is a positive and a negat