Examines the change in economic policies from the 1930s and 1940s, focusing on the United States.
Written in 2002; 970 words; 3 sources; MLA; $ 34.95
Paper Summary:
The time period between the Great Depression and the end of World War II marked a major shift in economic ideas that transformed not only the international economic order, but domestic policies within most countries of the world as well. The paper shows that the shift of ideas occurred primarily in the United States, arguably one of the hardest hit nations by the depression. The shift was representative of a movement away from the very liberal economic policies of the nineteenth and early twentieth century towards collective economic cooperation between public and private sectors. The paper shows that the result was a "cushion" that served to prevent economic and social breakdown in society.
From the Paper:
"When Roosevelt was elected President in 1933, the United States had a twenty-five percent unemployment rate and very little domestic production (history.searchbeat). With the advice from his top aides, he sought to integrate the federal and state governments into the private sector, in a way never done before. Roosevelt's New Deal expanded the federal government, creating thousands of new jobs. He also implemented new policies to regulate the stock market, and other economic sectors in the United States. Finally, Roosevelt worked with other developed nations (those of whom were also experiencing economic hardships) to develop plans for eliminating their protectionist policies."
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