Cohort issues[1] and laws with a chart below:
·
*Baby boomers (51-69 in 2015—earliest born in 1946)
·
*Gen X (35-50 in 2015—earliest born in 1965)
·
*Millennials (18-34 in 2015—earliest born in 1981)
As far as domestic issues go in the
period from 1950 to 2000, you don’t have to memorize. You can understand a lot
by the age of the baby boomer—entertainment, whether they are having kids,
getting out of college, looking for a job, considering retirement or a second
career. The numbers on the national debt
in each of the years are from the prior textbook, Ayers American Passages.
|
Issue |
1950s |
1960s |
1970s |
1980s |
1990s |
2000-2008 |
2008-2017 |
|
National Debt |
Deficit 5 of
8 years |
1968 -$25 B –
largest since WWII |
$74 B – end
of Nixon and Carter 1971-wage
freeze; off gold standard |
5 5 $186B $156B |
For the
1990s, see table below. |
|
|
|
President |
1952-1956,
1956-1960 Dwight D. Eisenhower |
1960-1963
John F. Kennedy 1963-1964,
1964-1968 L.B. Johnson |
1968-1972,
1972-08/1974 R.M. Nixon; 08/1974-1976 Gerald Ford; |
1980-1984, 1984-1988 Ronald Reagan –lowers taxes in “supply side” theory[3] 1988-1992 George H. Bush |
1990-1992 – George H. Bush 1992-1996, 1996-2000 William Clinton |
2000-2004,
2004-2008 George W. Bush |
2008-2012,
2012-2017 – Barack Obama |
|
If born in
1945 |
a Baby Boomer is 5 years of age in 1950 |
15 years of age
in 1960 |
25 years of
age in 1970 |
35 years of
age in 1980 |
45 years of
age in 1990 |
55 years of
age in 2000 |
65 years of
age in 2010 |
|
If born in
1965 |
|
a Gen Xer is 5 years of age in 1960 |
15 years of
age in 1970 |
25 years of
age in 1980 |
35 years of
age in 1990 |
45 years of
age in 2000 |
55 years of
age in 2010 |
|
If born in
1981 |
|
|
|
a Millennial is 5 years of age in 1986 |
15 years of
age in 1996 |
25 years of
age in 2006 |
35 years of
age in 2017 |
Details
about the 1990-1997
|
$222B |
$297B
|
$255B |
$203B |
$25B |
|
1990 |
1992 |
1993 |
1994 |
1997 |
|
Copyright C. J. Bibus, Ed.D. 2003-2017 |
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WCJC
Department: |
History – Dr.
Bibus |
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Contact
Information: |
281.239.1577
or bibusc@wcjc.edu |
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Last
Updated: |
2017 |
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[1] The age ranges for these cohorts are from this article from Pew Research: http://www.pewresearch.org/fact-tank/2017/04/25/millennials-overtake-baby-boomers/
[2] The national debt is not specified in the section on the Bush term of 2000-2008, when the TARP crisis occurred. The general statement made about 2000-2008 is that George W. Bush “pushed through Congress a series of tax cuts, that, the White House said, were designed to assist the struggling economy. The budget surplus of the 1990s soon disappeared as a brief recession followed the end of the dot-com bubble. Record debt became one continuing legacy of the Bush era.” (page 872).
[3] See pages 1104-1106.