The US Economy: A Quick Quiz

Of seven questions, how many did you answer false? Since 1776, The American Principles of   1. Individual Freedom   2. Democratic Self-Government, &   3. A Free-Market Economy have built the USA into the greatest economic engine in the history of nations. FREEDOM (hat tip: Carpe Diem)
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Sutherland Productions - Meet King Joe

This theatrical cartoon was produced to create a deeper understanding of what has made America the finest place in the world to live. Joe, who wears overalls and talks with a pseudo-Brooklyn accent, is king of the workers of the world because the machinery in his factory multiplies strength and efficiency. This is part of the American way of doing things, the narrator tells us. About John Sutherland John Sutherland worked as a assistant director for Disney before opening John Sutherland Productions in 1944 with the encouragement of Walt Disney. They specialized in writing and producing animation/live-action films and supportive print material during the remainder of the war years. Soon thereafter, Sutherland began turning out animated industrial and propaganda films and was a place many animators went during periods of inactivity at the other animation studios during the 40s and 50s.
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Sutherland Productions - Going Places

This Harding College animated short defines the profit motive and dramatizes the part it has played in the economic development of America. It stresses the need for continued industrial profits if economic vitality is to endure. The film stars Freddie Fudsie, a lazy soap maker, who just wants to go fishing. He invents bar soap, makes some money, and is about to retire in peace and quiet then the sexy female Profit Motive walks by and Freddie, who suddenly needs more money to win her affection, never sees a fishing hole again! About John Sutherland John Sutherland worked as a assistant director for Disney before opening John Sutherland Productions in 1944 with the encouragement of Walt Disney. They specialized in writing and producing animation/live-action films and supportive print material during the remainder of the war years. Soon thereafter, Sutherland began turning out animated industrial and propaganda films and was a place many animators went during periods of inactivity at the other animation studios during the 40s and 50s.
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ABC 20/20 - Is America #1? with John Stossel

America is viewed throughout the world as the #1 country. It dominates culturally, militarily, and economically. Why? Is it luck? Does America's location and resources make it the best place in the world to create wealth? In "Is America #One?", John Stossel makes the case that of all the factors that affect the success of a nation, nothing matters as much as economic liberty. He travels around the globe and compares the quality of life in the U.S. with two examples that have wide disparities in terms of wealth and freedom; India and Hong Kong. India suffers pervasive poverty levels and very high unemployment. There are wealthy people in India, but they are the minority. Most people in India do not have the opportunity to earn even enough to feed and support themselves or their family. Begging is common in the streets throughout the country. Why? Many people state that it is because India is extremely populated. But when you look at Hong Kong, a city that has 20 times more people per square mile as compared to India and virtually no natural resources, you find a booming economy. People in Hong Kong have nearly the same income per capita as America, and it's wealthier than resource rich countries such as Canada and Australia. In the 1950's, Hong Kong was a small, poverty ridden city much like most cities in India today. Since then the characteristic that allow Hong Kong to succeed while India failed is Freedom. America and Hong Kong have high degrees of economic freedom which has enabled economic development through the promotion of entrepreneurship in the countries. Laissez-faire polices allow productive businesses to form far easier in Hong Kong than in restrictive countries like India. To open a business, it takes only a day in Hong Kong for the paperwork to be processed, a few weeks in the U.S., but in India it can take up to a few years to meet the restrictions imposed by decades of rule by its socialist government. Hong Kong and America's relatively free markets that provide producers an easier time of entering and competing in the market creates more jobs for everyone while countries like India with strong restrictions enforced by the government stifle sustainable poverty elimination by preventing economic growth.
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Stossel in the Classroom John Stossel @ Wikipedia John Stossel @ ABC 20/20