Economic Policies

Economic Policies - 2.12 Part I New Deal Franklin Roosevelt...

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2.12 Part I New Deal Great Society New Federalism Devolution Revolution Franklin Roosevelt 1933-1938 Lyndon Johnson 1963-1969 Ronald Reagan 1981-1989 Bill Clinton 1994-2001 - To provide relief, recovery, and reform from the Great Depression. - The AAA controlled farm production by paying farmers to not grow food (to improve dismal prices resulting from overproduction). Deemed unconstitutional, but then a similar program passed. - Social Security established: to benefit the masses that lacked the ability to work for several reasons, including disability. - Government provides immediate relief for the desperate unemployed thousands, although arguably the program overall was not beneficial to the economy. - To eliminate poverty and racial injustice. - Education, medical care, transportation, and urban problems addressed. - Medicare and Medicaid were created. - Federal funding for education greatly increased. - War on poverty, OEO. Department of Transportation, led to mass construction of railways, and later the Motor Vehicle Safety Acts. - To curb the size of the national government by cutting expenditures on the programs engendered by the New Deal and the Great society, while cutting taxes and increasing National Defense spending. -Actually increased the size of government, since congress wouldn’t go along with cutting support to such popular programs (deficit increased due to tax cuts and increased expenditures, stagflation, more centralized debt = more centralized power). - Later on some of Reagan’s measures did pass (Republican majority in Congress), but the damage was done. - Republicans control both House and Senate, under Democratic president, and aim to reduce size of national government. - Clinton goes along with these policies, to “return money, power, and responsibility to the states.” - Unfunded mandates law: Washington will have to provide funds for state and local governments to enforce most new federal policies or mandates.
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Martha Derthick “I never said federalism was dead. Under the Constitution, there is no way to kill it. I also think it much too early to conclude that the trend toward centralization is being reversed.” Commenting on the devolution revolution, Derthick supports the idea that within the
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Economic Policies - 2.12 Part I New Deal Franklin Roosevelt...

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