The Great Depression and New Deal taught us that capitalism without some degree of regulation can lead to disaster. Unfettered capitalism can lead to large downturns in the market, which can in turn affect the ability of democracy to function well. Franklin D. Roosevelt's New Deal regulated capitalism through such means as insuring bank deposits, legislating the way stocks are sold, and through many other means. In addition, the New Deal established safety nets by which the government provided assistance to the poor and elderly. The New Deal injected the government into people's lives in an unprecedented way and forever changed the nature of American capitalism to make it more regulated. The government became more of a watchdog over the doings of banks and Wall Street. The theme of difference is an interesting one. To some degree, the Great Depression reduced the differences between people of different races, classes, and backgrounds, as people of different backgrounds suffered during the Great Depression.
Subscribe to:
Post Comments (Atom)
Why is the fact that the Americans are helping the Russians important?
In the late author Tom Clancy’s first novel, The Hunt for Red October, the assistance rendered to the Russians by the United States is impor...
-
There are a plethora of rules that Jonas and the other citizens must follow. Again, page numbers will vary given the edition of the book tha...
-
The poem contrasts the nighttime, imaginative world of a child with his daytime, prosaic world. In the first stanza, the child, on going to ...
-
The given two points of the exponential function are (2,24) and (3,144). To determine the exponential function y=ab^x plug-in the given x an...
-
The only example of simile in "The Lottery"—and a particularly weak one at that—is when Mrs. Hutchinson taps Mrs. Delacroix on the...
-
Hello! This expression is already a sum of two numbers, sin(32) and sin(54). Probably you want or express it as a product, or as an expressi...
-
Macbeth is reflecting on the Weird Sisters' prophecy and its astonishing accuracy. The witches were totally correct in predicting that M...
-
The play Duchess of Malfi is named after the character and real life historical tragic figure of Duchess of Malfi who was the regent of the ...
No comments:
Post a Comment