Austerity

The practice in economics where policies are made to decrease government spending and/or increase taxes to attempt to lessen government budget deficit. During the fiscal crisis in New York City austerity was used to try and help decrease government debt; budget cuts and layoffs were a common part of austerity. These policies usually work...

Blockbusting

  A technique used by realtors to have home owners sell their house at cheap prices by instilling fear of a different race or class moving in to the neighborhood, and making money off the homes and properties that are being sold. This technique was mostly used during suburbanization aka “white flight”. A realtor...

The Arab Spring

A huge movement against the Arab autocracy and dictatorships began on December 17th 2010 in Tunisia when a man, Mohamed Bouazizi, had set himself on fire as means of protest because was constantly tormented by police for not having a permit for his stall, and ignored by the municipal office when he went to...

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