20th Century Winners and Losers

Health Problems Solved
1902 Scarlet Fever deaths peaked at close to 5,000 and then slowly dropped thanks to penicillin.
1905 Last Yellow Fever epidemic killed 20 in US as misquote control eliminated cause. 1936 vaccine ended disease.
1916 Measles 12,000 mostly children died. Vaccine finally eliminated most cases by early 1980's.
1918 Spanish Flu 500,000 died in US. This could have been the cause of the post WW 1 recession.
1921 Diphtheria 206,000 cases, 15,520 deaths, mostly children died.
1943 Penicillin 1,000,000 lives be saved during the 20th century.
1953 Polio 57,628 cases with 21,000 paralyzed Vaccine followed and Polio is now about gone.
1957-58 Asian Flu 70,000 died in US.
1968-69 Hong Kong Flu 34,000 died in US.
1973 US ends Conscription
1985-95+ AIDS killed ten to twenty thousand per year in 1970's. Annual deaths peaked at 41,699 in mid 1990's and then they quickly dropped due to super drug development and availability. Total US deaths were 658,507.
2011 TB From a 50% kill rate in 1900 cases dropped from 86,304 in 1959 the first year of data availability to 10,528 in 2011. 529 died in 2009.
By the 1960's Measles, Mumps, Rubella and a 1995 Chicken Pox vaccines made childhood safer and more enjoyable
Return to Top as did seat belts, infant safety seats, bicycle safety helmets, and 1962 began the era of government sponsored child protective services.

US Deaths from Infectious Disease source

1918-1920 Flu Pandemic kills 500,000

Image description not available.

The inset shows the same mortality curve (blue line) with the fitted regression lines for 2 (1900-1937 and 1953-1980) of 4 segments. The boundaries between the segments are indicated by the vertical dotted lines.

War Cost: Causalities and Economic
High in U. S. Very High in Europe, Catastrophic in Russia and Asia

Nineteen-month World War 1 killed 116,516 from all causes with 204,002 wounded in action. The resulting peace treaty severely penalized Germany and divided the Ottoman Empire among the winners. These winners continued their 19th Century Western Colonialism, which planted the seeds for Arab Unrest.

Four year World War 2 killed 405,399 from all causes
with 670,660 wounded in action. Losers were not punished. Russian Bear having suffered 26.6 military and civilian deaths used their newly occupied eastern European territory to provide a protective buffer.
Three year Korean War killed 36,574 with 103,284 wounded in action. South Korea remained free. Japan felt safe and used a small defense budget to build industrial capital and rejoined the developed world.

The very long Vietnam War ² killed 58,220 with over
153,303 wounded with few important positive results.

As of 12/31/14 Afghanistan War killed 2,312 with 20,026 wounded with few important positive results.

As of 5/29/12 Iraq War killed 4,425 with 32,223 wounded with few important positive results.

Cold War
After WW 2 the Russian Communists seized power in Poland, closed access to Berlin and the Western Allies countered with an airlift. Russia exploded an atomic bomb. Communists won the Chinese Communist Revolution.

The 1950-53 Korean War had UN forces fighting against North Korean Communists invaders.

Russia exploded a Hydrogen bomb, put down revolts in Poland and Hungary, and launched 2 Sputniks.

The 1956 Suez Canal Crisis caused tension between Western allies.

Military and political advisors wanted to use nuclear weapons in the Korean War against China and again wanted them used against China in reference to Taiwan and Formosa. Ike didn't listen. The US 1960 U-2 Spy Plane Incident ended the Eisenhower Administration's chess game with Communism and it also ended the very brief Paris Peace Conference. Ike had been trying unsuccessfully for eight years to control a renegade CIA. He had wanted the expose the missile gap fear created by the CIA.

JFK didn't listen to his advisors who also wanted to use nuclear weapons in relation to the 1961 Cuban Missile Crisis. A more peaceful blockade settled the crisis.

War on Terror
9/11 begins. 3rd U.S. terror period
also affect the Western Europe
continues to terrorize the Middle East. Asia and Africa

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Recent Financial Bailouts
1975 New York City $1.3b paid back + interest
1979 Chrysler Motors $1.5b paid back + interest
1982 Oklahoma-based Penn Square Bank $65m
1984 Continental Illinois Bank bailout $14b
1980's Savings and Loan Bailouts $124.6b ^[2]
2009-10 Great Recession TARP cost $24b, Detroit cost $16b Positive results GM and Chrysler workers kept their jobs. Quick action by two administrations helped create a quick US economic recovery while Europe still dilly dallies. At 2% additional economic growth per year the higher GDP is worth about $300 billion/year.

Determinates of U.S. Middle Class Well-Being
1) Society's accumulations are key to the well-being of its citizens.
    Think how the public safety net has steadily increased since the
    1930's and the successes of the federal Children's Bureau.
2) Scientific achievements have continuously added to citizen well-being.
    Think disease control, smart phones, streaming audio/video, Gillette
    Stadium...See great achievements
3) Personal Income which is a function of nature and nurture has
     increased continuously if not always rapidly. Think Russia, China,
     and Europe's really slow recovery from the Great Recession ...

Other Quick Notes Studies

Economic Wellbeing

Economic Future of Our Children

Are Child & Youth Protected

The Great Recession Problem: Lack of Bank Regulation High Leverage Short-Term Commercial Bank Reserves Were in Euros When Dollar Reserves Were Required. Neoliberal Economist Under Estimated Economic Effects of Financial Market on Economic Activity. Government t Helped the Top and the Bottom Creating Middle Income Envy.
Economic Effects
Winners	Losers
Populist Nationalist Parties attracted voters with renationalization and anti-austerity policies.	Center Left Parties lost control as lower wages and fighting more over less, and cartel politics blamed capitalism and globalism. Center right parties in control blamed immigrants and globalism.
Debtors Can't or Won't Pay Deflation Kills Wage Growth Real Debt Value Increases	Creditors lost as Real Value of Debt Up But Some Don't Pay
World's Very Poor and Very, Very Rich Won Middle Earners of Rich Western Nations income Stagnated. Everyone loves Paul Volcker. Everyone is wrong.
Bottom Line A Return on Capital Growth R > Growth rate of the Economy G. 90% of Income Gains Went to Top 1% and since 2012, most of it (70% of that 90%) went to Top 1/10 of 1%. Continued Expansion of Credit aided by low interest rates, to consumers, business and governments to equate AD with AS. Trump Could the The_4G's of Politics, not economic inequality, be the cause of world wide constitution?