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American decline is the idea that the United States is diminishing in power on a relative basis geopolitically, militarily, financially, economically, and technologically. It can also refer to absolute declines demographically , socially , morally, spiritually, culturally , in matters of healthcare , and/or on environmental issues .
The study found the decline in progressivity since 1960 was due to the shift from allocation of corporate income taxes among labor and capital to the effects of the individual income tax. [106] [108] Paul Krugman also supports this claim saying, "The overall tax rate on these high income families fell from 36.5% in 1980 to 26.7% in 1989." [109]
The decline in housing construction that can be attributed to demographics has been estimated to range from 28% in 1933 to 38% in 1940. [90] Among the causes of the decline in the population growth rate during the 1920s were a declining birth rate after 1910 [91] and reduced immigration. The decline in immigration was largely the result of ...
The Great Depression had particularly strong effects on the Black community in the 1920s and 30s, forcing Black women to reckon with their relationship to the U.S. government. Due to the downturned economy, jobs were scarce and Black men were a huge target of the lay-offs, making up a large population of the unemployed during the Depression.
The American mobilization for World War II at the end of 1941 moved approximately 10 million people out of the civilian labor force and into the war. [77] This finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%. [78]
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This alarming trend, which began before COVID, fuels a deadly cycle of a sick workforce and weakened economy.
The panic of 1785, which lasted until 1788, ended the business boom that followed the American Revolution. The causes of the crisis lay in the overexpansion and debts incurred after the victory at Yorktown, a postwar deflation, competition in the manufacturing sector from Britain, and lack of adequate credit and a sound currency.