This topic contains a solution. Click here to go to the answer

Author Question: What is the legacy of the Progressive era and the New Deal with respect to American economic policy? ... (Read 53 times)

darbym82

  • Hero Member
  • *****
  • Posts: 570
What is the legacy of the Progressive era and the New Deal with respect to American economic policy?
 
  What will be an ideal response?

Question 2

What has been the U.S. government's recent trend regarding budget deficits and the national debt, and what factors are driving this trend?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

Answer: An ideal response will:
1. Explain that the Progressive movement drew much of its support from the middle class and sought to reform the political, economic, and social systems.
2. Discuss some of the specific regulatory reforms of the Progressive era, including the Pure Food and Drug Act; the Meat Inspection Act, which marked the beginning of consumer protection; the Federal Reserve Act to regulate banking; and the Federal Trade Commission to strengthen anti-trust policy.
3. Explain how the Great Depression and Franklin Roosevelt's New Deal marked a major turning point in U.S. economic history by transforming the laissez-faire state into an interventionist state, expanding the role of the government through financial reforms, agricultural policy, labor relations, and industrial regulations.
4. Note that both eras set forth policies that legitimized the expanded role of the government in the economy and became permanent public policies.

Answer to Question 2

Answer: An ideal response will:
1. Discuss the trend of both increasing budget deficits and increasing levels of debt, and show how decreased revenue and increased spending drive this trend.
2. Explain the causes for the reduction in revenues, including the financial crisis and recent tax cuts.
3. Explain the causes for increased expenditures, including recent wars and the financial crisis.




darbym82

  • Member
  • Posts: 570
Reply 2 on: Jul 10, 2018
Excellent


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library