Question

In: Economics

Can someone give me an outline idea for this essay : 1. Between the Civil War’s...

Can someone give me an outline idea for this essay :

1. Between the Civil War’s conclusion and the New Deal (1865-1940) the perceived role of government, long viewed as strictly limited, began to change in response to growing economic complexity, matters of civil rights, and questions of national security. Choose three examples from this period that illustrate such expansions of governmental power, explain them, and then assess how well they balanced acting for the common good while still respecting individual rights and the free market. (Reconstruction, the Progressive Era, World War I, and the New Deal are good places to focus upon for this question)

Solutions

Expert Solution

After the World War 1 there was a shift of landscape of ideas about the economics and the proper role of government in economic activities. When the war began the U.S economy was in a recession then economic boom resulted from 1914 to 1918 as the Europeans began purchasing U.S goods and services for the war. Then the United States it swelf joinned in to the battle in 1917, which unleashed a massive federal spending which shifted the production of civilian goods to war goods. During the period of 1914 to 1918 the unemployment rate fell from 7.9 percent to 1.4 percentage. This is happened because workesrs moved to new manufacturing units and moved to military. The World War 1 costs U. S to a USD 32 billion approximtely 52 percentage of gross domestic product at that time. As a part of the war effort the U.S government attempted to guide the economic activoiity via centralized price and production controls administered by the War industries board. The U.S government took such an active role economic affairs during the war, subsequent increase in federal spending resulted mainly from war related matters.  Nevertheless, the successful wartime experience "increased the confidence on the left that central planning was the best way to meet a national crisis, certainly in wartime, and possibly in peacetime as well." This view became increasingly important after the Democrats reached power during the Great Depression. The scope and speed of government expansion in the 1930's were likely greater because of the impact of the war on new economic and political leaders.


Related Solutions

Someone please give me an idea for this project: Find an article or news release that...
Someone please give me an idea for this project: Find an article or news release that discusses the value a company has received from using one of the quantitative methods discussed in class. Summarize the source you found, explaining why this use created value for the company in question. Make sure you identify the quantitative method being used and how it is calculated.
Can someone give me 3 specific examples of when government expanded its power? 1. Between the...
Can someone give me 3 specific examples of when government expanded its power? 1. Between the Civil War’s conclusion and the New Deal (1865-1940) the perceived role of government, long viewed as strictly limited, began to change in response to growing economic complexity, matters of civil rights, and questions of national security. Choose three examples from this period that illustrate such expansions of governmental power, explain them, and then assess how well they balanced acting for the common good while...
can someone give me a brief analysis of the relationships between historical volatility and implied volatility...
can someone give me a brief analysis of the relationships between historical volatility and implied volatility please?
Can someone give me an example an non example of coefficient?
Can someone give me an example an non example of coefficient?
Can someone give me a list of conditions for a market to be efficient
Can someone give me a list of conditions for a market to be efficient
Can someone please give me a summary on chapter 1 (the lexus and the olive tree...
Can someone please give me a summary on chapter 1 (the lexus and the olive tree revisted) in the book bad samartians by Ha-Joon Chang
Can someone write me 3 teaching objectives and a content outline for each, for Obesity. The...
Can someone write me 3 teaching objectives and a content outline for each, for Obesity. The teacher said we needed to try and write one objective using each of these if possible, cognitive, psychomotor, affective. And that's why I'm struggling...
Give me an essay on plagiarism
Give me an essay on plagiarism
can someone give me a brief background on the Ukraine healthcare system?
can someone give me a brief background on the Ukraine healthcare system?
Can someone give me a simple proof of Prime Number Theorem and Bertrand's Postulates? Note:Suggest me...
Can someone give me a simple proof of Prime Number Theorem and Bertrand's Postulates? Note:Suggest me a proof by keepind in mind that I am a post graduate student who is preparing for my Number Theory Examination.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT