Free

Week 5 disc 2 Can Government Create an Economic Recovery - Essay Example

Comments (0) Cite this document
Summary
President Franklin Roosevelt’s radical economic recovery plans made him popular, since the general public felt that his administration was doing all it could to stem the Great Depression. In reality, though, the New Deal led to modest economic gains before 1945 (Robbins,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Week 5 disc 2 Can Government Create an Economic Recovery
Read TextPreview

Extract of sample "Week 5 disc 2 Can Government Create an Economic Recovery"

Can Government Create an Economic Recovery? Number The Great Depression President Franklin Roosevelt’s radical economic recovery plans made him popular, since the general public felt that his administration was doing all it could to stem the Great Depression. In reality, though, the New Deal led to modest economic gains before 1945 (Robbins, 2007). World War II ended the Great Depression by creating more employment opportunities in the military and arms factories as well as in war-related sectors.
I agree to the fact that President Herbert Hoover was not entirely to blame for the Great Depression, and indeed he deserved a second term. The economic crisis during his tenure was caused by among other factors; the collapse of the Stock Exchange in October 1929; failure of the banks to cushion customers’ money by insuring the cash; reduced purchasing power; and drought (Robbins, 2007).
According to Robbins (2007), President Hoover’s administration announced practical and affordable plans aimed to balance the Federal spending; reform the financial sector; reduce taxes; and increase public works budget. Even though, these steps were gradual they had the potential to turn-around the American economy in the long-run, as opposed to the New Deal under FDR.
The Great Depression of 1930s and the Great Recession of (2007-2009) are similar in the sense that they led to massive job cuts and a weakened private sector (Grabell, 2012). The government’s response eight decades ago draws similarities to the current economic stimulus programs aimed at empowering the private sector by creating more job opportunities and bringing the private sector back to life, almost instantaneously.
Although, the two programs are believed to have eased budget shortfalls, especially for the private sector as a way of triggering the creation of more job opportunities, government spending is not the most effective way to deal with a major recession. The New Deal was more effective in restoring economy, since it was more reform-based.
References
Grabell, M. (2012). Money Well Spent?: The Truth Behind the Trillion Dollar Stimulus, the Biggest Economic Recovery Plan in History. New York: PublicAffairs.
Robbins, L. (2007). The Great Depression. New York: Ludwig von Mises Institute. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Week 5 disc 2 Can Government Create an Economic Recovery Essay”, n.d.)
Week 5 disc 2 Can Government Create an Economic Recovery Essay. Retrieved from https://studentshare.org/history/1614020-week-5-disc-2-can-government-create-an-economic-recovery
(Week 5 Disc 2 Can Government Create an Economic Recovery Essay)
Week 5 Disc 2 Can Government Create an Economic Recovery Essay. https://studentshare.org/history/1614020-week-5-disc-2-can-government-create-an-economic-recovery.
“Week 5 Disc 2 Can Government Create an Economic Recovery Essay”, n.d. https://studentshare.org/history/1614020-week-5-disc-2-can-government-create-an-economic-recovery.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Week 5 disc 2 Can Government Create an Economic Recovery

Data Backup System over Networks

... can be resumed 5 Conclusion 5.1 Summary Data Backup and Recovery is a process for saving and retrieving data or lost data from portions of the backup files for a specific purpose or need. There are several types or doing backup and certain procedures also apply for data restoration. Doing Backup over a network may have advantage and disadvantages in related to the software, hardware, and infrastructure used. It is also achievable to backup data transversely the system to a tape drive closed to another computer. Network backup systems let organisation secure computer information. Using local network, files can be copied to compact disc / DVD-ROM disks, a local server they established... . March 4, 2007 Table of Contents Data Backup System Over Networks 1 Sam 1 Abstract 1 Abstract 1 Acknowledgements 2 Acknowledgements 2 Table of Contents 3 Table of Contents 3 List of Figures 4 List of Figures 4 1 Introduction 52 Backup and Recovery 8 3 Backups and Tape Storage 14 4 Network Disaster Recovery 20 5 Conclusion 21 References 23 References 23 Appendix 1: Dissertation Proposal 25 Appendix 1: Dissertation Proposal 25 List of Figures Figure 1. Information Security Policy and Procedure Hierarchy 13 Figure 2.Prototype Set-up of Data...
21 Pages(5250 words)Dissertation

The Effect Of Contingent Music To Premature Infants

...THE EFFECT OF CONTINGENT MUSIC TO INCREASE NON-NUTRITIVE SUCKING OF PREMATURE INFANTS , By: Standley, Jayne M., Pediatric Nursing, 00979805, Sep/Oct2000, Vol. 26, Issue 5 This study assessed music as reinforcement for non-nutritive sucking of 12 premature infants born at an average gestation of 29.3 weeks and an average birthweight of 1111.9 g. At the time of the study, the infants' average post conception age was 35.5 weeks, and their average weight was 1747.3 g. A pacifier was fitted with a pressure transducer so that a sufficient suck activated frequency and duration signals as well as 10 seconds of recorded music consisting of lullabies sung by female vocalists. A 14-minute ABAB...
122 Pages(30500 words)Essay

Pragmatic War Mod 5 Disc 2

...The American civil War and Democracy The American war was the greatest crisis to face America in its history. The four year war from 1861-1864 had a big impact not just on the economy but also on the views of Americans concerning democracy. The causes of the war were many ranging primarily from the election of Abraham Lincoln in 1860, economical problems, discrimination, slavery, abolitionist movements and western expansion. It is highly believed that the major cause of the civil war was the election of Abraham Lincoln who defeated Steve Douglas, this is because Lincoln was seen by the southerners as a threat to their way of life as they mainly supported slavery which Lincoln was against. The election was followed the...
2 Pages(500 words)Essay

Week 5 discussion 2

...Week 5: Discussion In my opinion, embracing diversity in the education system results in positive outcomes for both educators and their students. Diversity in a state arises from the various cities that differ geographically from each other. For example, a state like Texas has various cities such as Dallas and Austin; whereby, socialization of residents into different cultural expectations occurs influencing their attitudes, perceptions and behaviors. In light of this, it is crucial for state policy makers to ensure that education policies implemented account for the needs of the diverse population from different cities (Diarra, 2005). Policies standardizing assessment procedures, teaching strategies and...
1 Pages(250 words)Essay

Week 5 Project #2

...system. The assurance level remains an essential indication of the effectiveness of the PKI. Hashing Hashing can be described as the process of producing hash values which are utilised to access information systems, enhancing data security through limiting access. The hash value normally consists of numbers generated from numerous texts. The hash value is generated through a designated formula which ensures that similar hash value cannot be generated by other texts. The role of hashing remains ensuring that transmitted messages remain intact. The message sender creates a hash value which encrypts the message. The hash value is attached to the message and sent together. Hashing can also...
5 Pages(1250 words)Research Proposal

Week 5 Q 2

...The Yield rates By + Introduction This refers to a line that shows the interest rates of bonds overa period of time with the same quality of credit but with different dates of maturity. In most cases the curve is used to compare certain durations of the bonds and these includes the 3 month, 2 year, 5 year and 30 year T bonds. The curve is very important in any given economy as it is used to gauge other rates in the market such as the lending rates for banks and the mortgage interest rates. It can be a very useful too in the prediction of the economic growth rate and the output. The yield curve for any economy can either be inverted, normal or flat. A...
6 Pages(1500 words)Assignment

Biography of Copernicus

2 Pages(500 words)Research Paper

Intrusions in Asia/ Week 5 Disc

...Western influence on Asia Western influence on Asia The Key motives that westerners had when they decided to encroach foreign landin China, India, and Japan were to exploit the untouched resources. This was at around 1700s and 1800s. The British successful imposition of its presence and trade policies on china’s in spite of the communications from people like those from Emperor Ch’ien-lung(I.e Qianlong), and commissioner Lin Zexu(i.e Lin Tse-hsu). They can be considered that it was because of the influence the British had in the world during that time. This paper will support such policies that the British decided to add because they have more advantages on people than disadvantages.9 Mishra, P. 2013). The thing that...
1 Pages(250 words)Assignment

Week 5 DQ 2

...easy. Technology that has paved way for the creation of virtual world via consecutive phases of up gradation is now admired as a heavenly blessing for mankind. Talking about workers’ perspectives, gone are the days when people had to bear the stressful 9 to 5 timings of office life (Baack, 2012). They can now peacefully step in the welcoming and opportunity rich environment of the virtual arena. They can now mint money via definite desirable flexibility of working on their own terms. The con of this virtual resource of employment is that the dependability of technology is not much sustained. A breakdown of power supply can result in hefty losses of income and reputation....
1 Pages(250 words)Assignment

Analysis of Investment Market Data

...% per year 4 III. Question 2.. Suppose the company borrows same amount £322,183, at 8% per annum, what are the options advisable. a. Option 1 Consider bond market as bond issuer. (borrower) 5 b. Option 2. Consider bond market as bond holder (investor) 6 IV. Discussions and conclusion 7 Part II Property Cycle Review of the commercial property market. 8 Question 1. . Can data analysis identify the external and internal forces that produced the cycles in commercial property market? 8 Implication of the trend 9 Lowering of lending standards 10 US not alone in predicament 11 Prospects of commercial...
12 Pages(3000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Week 5 disc 2 Can Government Create an Economic Recovery for FREE!

Contact Us