Reaganomics Vs. New Deal This Term Paper

PAGES
5
WORDS
1599
Cite

The Great Depression required restructuring of the economy in order to address the causes and effects of that crisis. It was more successful when some of the ill-conceived elements of the New Deal were discarded, but the measures undertaken paved the way for the strong growth of the latter 20th century. Reaganomics itself does not promote strong growth, but it worked in the short run, and some of Reagan's other policies ultimately promoted strong growth. Thus, it is difficult to determine which of the two worked better. Had Reaganomics been attempted in the Great Depression it may have failed because it was not a wholesale restructuring of the economy. The New Deal would have been largely redundant in Reagan's time and in any event most of its policy prescriptions would not have addressed the specific problems that Reagan faced. Neither policy can be said to have definitively improved its respective economy, in part because neither was implemented in ideal form. Aspects contributed to success, but other aspects either were not implemented, counterbalanced success or were ancillary to the real drivers of recovery.

...

(2010). The Great Recession vs. The Great Depression: Stylized facts on siblings that were given different foster parents. Economics e-Journal. Retrieved November 25, 2010 from http://www.economics-ejournal.org/economics/journalarticles/2010-18
Bandyk, M. (2008). Did the New Deal work? USA Today. Retrieved November 25, 2010 from http://money.usnews.com/money/business-economy/articles/2008/04/11/did-the-new-deal-work.html

Brokaw, T. & Thompson, a. (2004). Ronald Reagan's economic legacy. NBC Universal. Retrieved November 25, 2010 from http://icue.nbcunifiles.com/icue/files/icue/site/pdf/2446.pdf

Cole, H. & Ohanian, L. (2009). How government prolonged the Depression. Wall Street Journal. Retrieved November 25, 2010 from http://online.wsj.com/article/SB123353276749137485.html

Edsforth, R. (2000). The New Deal: America's response to the Great Depression. Malden, MA: Blackwell Publishers.

Rothbard, M. (2004). The myths of Reaganomics. von Mises Institute. Retrieved November 25, 2010 from http://mises.org/daily/1544

Sources Used in Documents:

Works Cited:

Aiginger, K. (2010). The Great Recession vs. The Great Depression: Stylized facts on siblings that were given different foster parents. Economics e-Journal. Retrieved November 25, 2010 from http://www.economics-ejournal.org/economics/journalarticles/2010-18

Bandyk, M. (2008). Did the New Deal work? USA Today. Retrieved November 25, 2010 from http://money.usnews.com/money/business-economy/articles/2008/04/11/did-the-new-deal-work.html

Brokaw, T. & Thompson, a. (2004). Ronald Reagan's economic legacy. NBC Universal. Retrieved November 25, 2010 from http://icue.nbcunifiles.com/icue/files/icue/site/pdf/2446.pdf

Cole, H. & Ohanian, L. (2009). How government prolonged the Depression. Wall Street Journal. Retrieved November 25, 2010 from http://online.wsj.com/article/SB123353276749137485.html
Rothbard, M. (2004). The myths of Reaganomics. von Mises Institute. Retrieved November 25, 2010 from http://mises.org/daily/1544


Cite this Document:

"Reaganomics Vs New Deal This" (2010, November 25) Retrieved April 20, 2024, from
https://www.paperdue.com/essay/reaganomics-vs-new-deal-this-6429

"Reaganomics Vs New Deal This" 25 November 2010. Web.20 April. 2024. <
https://www.paperdue.com/essay/reaganomics-vs-new-deal-this-6429>

"Reaganomics Vs New Deal This", 25 November 2010, Accessed.20 April. 2024,
https://www.paperdue.com/essay/reaganomics-vs-new-deal-this-6429

Related Documents

Introduction When Ronald Reagan was sworn in as the 40th President, he spent his two terms enacting a series of economic policies that were known as Reaganomics. The policies were a response to challenging economic conditions of the time, a strong mandate from voters, and a desire to test certain conservative economic ideas on a large scale. This paper will examine what these policies were, and whether or not they achieved

Tax Reform Act of 1986
PAGES 5 WORDS 1855

Political Science Touch of Class Social Class and the Tax Reform Act of 1986 Taxation has long been a contentious issue among the different classes of American society. The 1960s witnessed the beginning of the end of the old industrial economy. The 1970s saw the remains of American heavy industry move from the Rustbelt of the Midwest and Northeast to the Sunbelt of the South. Increasingly, the service sector came to dominate the national

It was a poor policy at best, and the President's Cabinet approved the plan, even if he did not. In fact, Congress specifically denied the request to send money to the Contras, so it was done in secret, and this violated the law and the trust of the nation. It was dishonest, it was covert, and it cast a dark cloud over the presidency and Reagan's own motives. In comparison,

U.S. Economy Since World War II economy is the largest in the world but has the most unequal distribution of wealth among all the developed countries of the world. The major reason for this inequality is that since the Second World War most U.S. governments have tended to favor the wealthy and the corporate sector while formulating their economic policies. Such "rich friendly" policies have become more pronounced since the early

Roosevelt Theodore
PAGES 4 WORDS 1204

American Morality The Rooseveltian Nation was initially envisioned by Theodore Roosevelt during the epoch in which the U.S. triumphed in the Spanish American war and heralded its largely Anglo-Saxon nation of limited diversity as the most dominant race of a particular nation on the face of the earth. This concept was further solidified by the efforts of Franklin Delano Roosevelt, who strove to reinforce the notion of such a national consciousness,

Black Women: Diversity and Inclusion Programs - Are they really assisting? In the last few decades, researchers, policymakers, economic development experts, and analysts of public policy are increasingly concentrating on the aspect of entrepreneurship in the African-American community, with respect to devising distinct strategies for facilitating economic success. Establishment of set-aside initiatives for minorities (or disadvantaged business initiatives) is one political strategy which serves as an instrument for enhancing small, poor