Question

In: Economics

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 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

Reconstruction, the Progressive Era,

After 1870 and civil war, US witnessed huge jump in industrial and agricultural sectors productivities. It is estimated that over 70 % increase in average income of American people was witnessed. This is known as Era Reconstruction.

Government sought to promote the private sector where it was efficient. Further, rise in income of people helped them to better assert their civil and political rights. Hence, it maintained balance between government intervention and capitalistic system. It helped to maintain efficiency.

World War I,

Government intervention in economic and political activities was inevitable during this period. Defense expenditure increased through this period. But still it did not change role of government fundamentally.

New Deal

In the back drop of great depression, US president launched scheme to revive depressed and distressed economy of US. It was known as the New Deal. It changed role of government fundamentally in economic activities. Government participation in economic activities was mammoth through this period. But intervention was aimed at restoring economy to its previous equilibrium level.

But it was true that government did not compete with private sector, instead helped private sector to revive again. Government participated in economic activities where private sector was not ready to come.


Related Solutions

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...
can you give me 3 examples of a material misstatement ?
can you give me 3 examples of a material misstatement ?
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 give me a brief background on the Ukraine healthcare system?
can someone give me a brief background on the Ukraine healthcare system?
Can someone provide an expanded explanation on the statement that the Higgs field is already 3/4...
Can someone provide an expanded explanation on the statement that the Higgs field is already 3/4 detected? Link to ref (@nic, sorry I left it off, do a quick search on Higgs to find the right location on page)
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.
Can someone give me a brief background on the United States healthcare system?
Can someone give me a brief background on the United States healthcare system?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT