Factors that made construction of infrastructure difficult in
the Northeast There was little help from government. In terms of geography, the terrain was rough
and jagged with lots of twists and turns.
There was also opposition from competitors who saw the new transport
systems as a threat to their business.
Deregulation of the banking industry
Deregulation allowed savings and loans to pursue riskier investments than they had before. Coupled with this is that Reagan's budget cutting measures also reduced staffing at the Federal Home Loan Bank Board, which was responsible for regulations that were in place.
How it affected the 20th century :
It influenced the way that people think about such important social issues as race, gender, and class. It played an important role in the political process, particularly in shaping national election campaigns. TV programs and commercials have also been mentioned as major factors contributing to increased American materialism (a view that places more value on acquiring material possessions than on developing in other ways). Finally, television helped to spread American culture around the world.
