Buy custom The Effects of Deregulation on Global Economy
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1640 |
Essay's paper body
The United States has had many forms of deregulation during the past Century but was often late on pulling them out at the right time. The article, "The Bubble Economy" will discuss more about this subject.
Since 1938 the CAB (Civil Aeronautics Board) regulated all the fares and schedules in the domestic airlines...
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This was considered a public utility. It was not appreciated by most economists and obviously the airline companies. Later in 1978 the ADA (Airline Deregulation Act) was passed and signed by President Jimmy Carter. This caused the airline prices and fares be controlled by the market forces. (Supply and Demand Forces) This caused people to pay more and thus caused some friction between the airlines and the government...
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