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New Deal - Essay Example

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Although this period is historically viewed as the beginning of modern liberalism, this period of reforms due to an economic catastrophe had no ideological…
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New Deal
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Download file to see previous pages They could either develop programs from the bottom-up by federally generated job creation and welfare benefits thus forming social partnership with racial minorities and the working class including labor unions or they could give businesses freedom to correct the economy itself by expansion thus creating more jobs which would pump money back into the economy. Contrary to popular historic perceptions, the country was hardly moving in a socialist direction.  The New Deal represented the prevailing capitalist societal structure culture as, for an example, its policy continued the division between what was considered the worthy poor, mostly widows and their children and the ‘unworthy’ poor, which included just about anyone else, who were disregarded.
The First New Deal (1933 to1934) decidedly orientated governmental policies toward big business.  The Second New Deal which began in 1935 was less pro-business in position, but in practice continued to support top-down economic growth.  Later in this stage of reform, the government increased its focus on antitrust enforcement and stronger regulations on business regulation but ultimately, big business maintained influence over essential decisions concerning investment, pricing and production. In addition, the government assisted industry by limiting competition. Rather than attempt to regulate businesses, New Deal advocates wanted to greatly increase the size and control of the government so that it could act as a counterbalance to private sector industries (Yantek, n.d.). When Roosevelt took office; the government was fairly simple in design with functions primarily limited to the necessities of administration. Afterwards, it was altered into a multifaceted agency controlling business and intruding into citizen’s liberties. “It is no exaggeration to say that he took the ...Download file to see next pagesRead More
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