Define economy and its main purpose.

An economic system determines whom is in control over the factors of the productions. The purpose of economy is to primarily preserve the human life.

legislative branch:

one of the three branches of government divided between the senate and the house of representatives.

- creates or makes laws

- power to override a veto

executive branch:

one of the three branches of government, headed by the president.

- enforces or carries out laws

- power to veto a bill sent to it by congress

judicial branch:

one of the three branches of government, headed by the chief justice of the supreme court.

- interprets laws

- power to declare laws or actions by the government unconstitutional

1. ford: gerald ford´s presidency, from 1974 to 1977, faced high inflation, named it public enemy nº1, and created the win program (whip inflation now).

2. carter: president from 1977 to 1981, carter had controversial poitions over abortion, but yet, he enforce the roe vs wade decision, which had pro-choice content.

3. reagan. for his eloquency and powerful speeches in his mandates, from 1981 to 1989, reagan earned this nickname, “the great communicator” .

4. george h w bush: despite many presidents had important roles in managing and trying to end the cold war, it was in bush sr's mandate that the berlin wall was materially destroyed, and he was visited by gorbachev in the uspresident from 1989 to 1993.

5. clinton: defense of marriage act. clinton signed this controvesial act, which defined marriage and spouses in strict heterosexual perspective, that was later declard unconstitutional by the us supreme court.

6. george w bush: in the begining of his presidency, which lasted until 2009, bush jr faced the greatest terrorist attacks in us and probably the worlds history, in september, 11 of 2001.

7. obama: in attempts to cease a great economical crisis, barack obama signed the controversial recovery act in february 2009, which handled 780-billion dollars.