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 47 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
YES! Correct, THANKS for helping me on my review


tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

For a complete list of videos, visit our video library