Theodore Roosevelt’s election coincided with a radical shift in the Republican Party. The dawn of the Progressive Era began at the start of the 20th century as both parties sought to balance the interests of big businesses with that of workers and the environment. This was a departure from the traditional Republican Party’s onus onContinue reading “T.Roosevelt Regulatory Legacy”
Tag Archives: republican
FDR’s New Deal Failure
The New Deal didn’t rescue the US economy from the depths of the Great Depression – World War 2 did. FDR’s spending programmes marked the start of the New Deal era that dominated the US until the 1970s. It would take a decade of stagflation to reverse the disastrous effects that the emergence of theContinue reading “FDR’s New Deal Failure”
Hoover’s Harmful Policies
Contrary to popular belief, Herbert Hoover pursued a heavily interventionist economic agenda. Hoover’s accession to the Presidency in the late 1920s marked a sharp turn from the Republican Party’s laissez-faire economic policies that dominated the 1920s and produced unbridled prosperity. Former President Coolidge presided over balanced budgets, limited government and economic stability. By comparison, Hoover’sContinue reading “Hoover’s Harmful Policies”
Financial Regulation Pitfalls
The financial industry is the largest market in the world. Under intense scrutiny amidst the Financial Crisis of 2008, Western economies such as the UK and US took to heavy regulatory reform and clamped down on speculative behaviour. However, this proved costly for economic growth – producing a wave of unintended consequences that render aContinue reading “Financial Regulation Pitfalls”
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