BEGINNING WITH THE GREAT DEPRESSION, how has the government's role in American life changed over the...

BEGINNING WITH THE GREAT DEPRESSION, how has the government's role in American life changed over the period we have covered in this course? Give examples of how the government has become more involved in Americans? lives both in terms of foreign policy as well as in issues within the United States.

Solutions

Expert Solution

Beginning with the great depression, as unemployment was on the rise, the government increasingly tried to frame policies which would help its people find employment, they increased government spending and immediately increased money supply so as to relieve the economy and help drive investment. Since then as the dollar became a safe haven asset, the government has tried to drive foreign policy by increasing investments overseas and help bring in money from abroad to drive the economy and find markets worldwide for their exports and open niche markets abroad. Thus governments response mechanism picked up and it started propelling the economy through increased spending.

Even with the great recession the government immediately tried to address people's concerns and assuage the hardships they were facing. Currently they even try to influence the monetary policy in some way or another so that interest rates are favourable for investments. Good relations with other countries in terms of foreign policy through foreign aid and trade has helped drive trade policies and the economy.

Rahul Sunny answered 2 months ago

Next > < Previous

Related Solutions

what was the Federal Reserve’s role during the Great Depression.

How was the life for Americans during the Great Depression? What were the key events during...

How was the life for Americans during the Great Depression? What were the key events during that time ? Why and how did it started?

How has the American economy changed over the past 20 years? Who benefits and who loses...

How has the American economy changed over the past 20 years? Who benefits and who loses from this transition? What role has the U.S. government played in trying to smooth this transition for American workers? What additional measures do you think the government could implement to help workers? What can be done at the federal, state, and local levels? What changes have you seen in your schools and universities that reflect the changes that are taking place in the economy?...

The collapse of the United States economy and the beginning of the Great Depression had little...

The collapse of the United States economy and the beginning of the Great Depression had little or no effect on African Americans since they were already living in deep poverty.

How has Target's corporate strategy changed over time?

* please kindly type answer ** How does the Great Recession compare with the Great Depression...

*** please kindly type answer **** How does the Great Recession compare with the Great Depression in terms of severity? Provide a detailed explanation in at least a paragraph. How have Federal Reserve policies implemented during the Great Recession differed from those implemented during the Great Depression? Provide a detailed explanation in at least a paragraph.

In this course we have considered five crises: the Great Depression, the Latin American Debt Crisis...

In this course we have considered five crises: the Great Depression, the Latin American Debt Crisis of the 1980s, the Asian Financial Crisis of 1997-99, the Subprime Crisis in the United States, and the Eurozone Crisis. This question asks you to describe the policy lessons that you can draw from these crises. Let me be clear on what the term “policy lessons” means. We are thinking about government policies, mainly those of the Central Bank and the Finance Ministry (or...

The Great Depression shaped economic theory, social life, and people’s views of a market economy in...

The Great Depression shaped economic theory, social life, and people’s views of a market economy in general. -Explain how the Keynesian approach to guide economic public policy constituted a ‘middle way’ or ‘centrist’ approach compared to the liberals and the radicals in the USA.

*The Great Depression shaped economic theory, social life, and people’s views of a market economy in...

*The Great Depression shaped economic theory, social life, and people’s views of a market economy in general. A. What were some of the things Keynesian economists proposed doing to get society out of the depression? Explain them and, most importantly, the logic behind them. B. Explain how the Keynesian approach to guide economic public policy constituted a ‘middle way’ or ‘centrist’ approach compared to the liberals and the radicals in the USA in the 1930s. C. Explain how the ‘consensus’...

2. Explain the Beveridge Curve and how it has changed during the Great Recession (and subsequent...

2. Explain the Beveridge Curve and how it has changed during the Great Recession (and subsequent recovery).

Subjects