Watershed Years Essay - 846 Words

Title By definition, watershed years are years of change or revolution. However, under the examination of history one watershed year truly stands out as â€Å"the watershed year†. It was 1968; the United States began an operation known as the Tet Offensive, January 31, 1968 that marked the pinnacle of US involvement in Vietnam (as military advisors in 1950, and the deployment of combat units in 1965). This year also marked the assassinations of two high-profile public figures, Martin Luther King Jr. (April 4, 1968) and Robert Kennedy (June 5, 1968). President Lyndon B. Johnson announced that he would not seek a second term in office as the President of the United States, which spurred a democratic convention in Chicago from August 26 to†¦show more content†¦This culminated toward the abolishing of the Union of Soviet Socialist Republics (USSR) creating a Commonwealth of Independent States (CIS) where Gorbachev resigned; changing the Kremlin’s Soviet flag to the R ussian flag, and the USSR officially ceasing to exist all within President Bushes term as the President. President Ronald Reagan signed the Economic Recovery Tax Act of 1981 into law on August 13, 1981 that proposed to stimulate the growth of the economy by reducing income tax rates, which provided incentives for small business owners. The Act, implemented from the Laffer curve theory stating an increase in tax rates provides government revenue until a hypothetical point in the curve where the rates are too high to provide the incentive for individuals to continue working and paying taxes at which point the government revenue would relatively decrease. The results eliminated tax bracket creep, however to continue gaining revenue it caused the signing of several other tax bills throughout the 1980s and into the early 1990s to compensate. Whether or not any benefit came from the Act is up to debate. Skeptics claim it increased the United States deficit, and others defend it stating that the cuts increased revenue and held economic expansion responsible for the deficit that would have gone unrestrained without the Act. The Economic Recovery Tax Act of 1981 transformed through a fluctuationShow MoreRelatedFinal Case 2 Intel Memo Essay1293 Words   |  6 PagesLicensing: DRAM was driven by cross-licensing network due to inherent nature of the industry. Though, Intel learning from this should divulge in active patents and limited cross licensing to secure its market position in microprocessors. 2. In the early years of the personal computer industry (approximately 1980-†Ã¢â‚¬ 1982), who had the largest added value among the various participants in this industry? Why? IBM added the highest value by moving the industry from vertically integrated to horizontal. 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