Money Makes The World Go Round - 1675 Words

It is fair to say that that America is a much-divided country, divided by political, social, and cultural problems. But perhaps the most dominant force behind every policy, every war, and every regulation in America has been money. â€Å"Money makes the world go round† or I should I say Money makes America go round. Prior to the World Wars, our economy was domestically run irrespective of what happened abroad. After War World II America sought to open their markets and reduce trade barriers with foreign nations. This gave the start to a world economic system, which turned trade into a major part of America’s economy. In the 1990s a world wide capitalist revolution fueled an era of globalization, becoming one of the biggest expansions of world†¦show more content†¦Furthermore, in contrast to protectionism economies, which stress domestic economic growth, trade liberalization economies provide a beneficial way for foreign markets to compete with ease. Trade liber alization is essentially the opposite where you decrease trade barriers with foreign countries in order to simulate the native economy and boost the confidence of the industries to take their business abroad. This type of economic practice occurs in modern times as well. Around the world right now in countries such as India and Argentina, possess quite fewer regulations and restrictions on international trade than other countries on the same general market. These countries tend to prosper from trading goods and services produced by well-developed nations to fuel their economic growth. Corporations have always searched for cheap labor hence why Slavery was widely accepted in the infant years of our nation. With the abolishment of slavery these companies had to come up with a cheaper way to get their labor done. For over 100 years after the abolishment they experimented with all types of laborers such as kids, and women but were soon put to a stop by the regulating government. In the 90s, they turned to foreign labor. With the election of Republican president George H. Bush in 1988 came the facilitation of foreign labor. Bush came into office with the idea of setting a New World Order. In his famous 1991 New World Order address he says, â€Å"a new world