The idea of the Federal Reserve was conceived at a meeting on Jekyll Island. What was this meeting and who attended this meeting? Is there a connection today to those that attended the Jekyll Island meeting?
1. Did stimulating the economy during the Great Depression as well the most recent Great Recession, work in either case? With some research you will find that it did not and has not worked in either case. Keynes himself said that his economic plan did not work during the Great Depression. Likewise the US Treasurer (Morgenthau) during the Great Depression said that after pouring millions of dollars into the economy it did not work. We cannot say that our economy has returned to health after this protracted and continuing recession.
Now with that said we have had some very good economic times in the US. I would like to have some of you go back and analyze these robust economic times. A place to begin would be the presidency of Calvin Coolidge. What did he do to create an environment of great economic growth? Kennedy did the same thing. He followed many of the principles of Coolidge. What were those principles? Could these economic policies work today?
Question 2 Details:
As a continuation of the next piece of legislation is the Hill Burton Act.
· What is this and what impact has Hill Burton had on our health care delivery system?
The last piece of historical legislation deals with the history of the Community Reinvestment Act.
· What is the CRA? What economic impact, if any, did the CRA have on our most recent economic downturn?
· What are Critical Access Hospitals?
· Why is this designation important?