As we look back in modern American history, there are three sizable reform periods from 1890 through the 1960’s. These three periods were The Progressive Period, 1890 to 1914, The New Deal, 1933 to 1938, and The Great Society, 1964 to 1968. The ultimate goal of these reform periods was to improve the United States Economically, Socially, and Politically.
The Progressive Period helped the nation economically by dislodging the monopolies that provided utilities to the urban areas. This formulated more affordable utilities to the everyday citizen. The New Deals prospective of helping with economics was by closing down all of the banks. Then FDR pushed the Emergency Banking Act through Congress, which gave the government to inspect the financial health of the banks. They also founded the FDIC, which insured all deposits $5,000 and under. The Great Society brought about a tax-cut to help stimulate business. Many people thought that this tax-cut would increase the deficit, surprisingly the deficit shrunk, and the GNP increased steadily year after year. This was due to the tax-cut in the 60’s.
The Progressive Period coined the welfare programs to help reform the nation socially. Welfare programs helped ensure a basic standard of living for Americans. Socially, The New Deal provided relief programs such as the CWA, which gave jobs to the unemployed to help with roads, parks, airports, and other facilities to benefit the future. Lyndon B. Johnson and his Great Society fabricated Medicare, which would provide health care to the elderly for the 1st time in history.
The Essay on Us And Swedish Trends In Tax Reform
Tax reform has become a major governmental policy issue in the United States as well as in the rest of the world. Countries are attempting to balance both economic efficiency and provide equity in taxation. Governments are looking to rewrite tax codes to minimize their impact on economic growth. Specifically, governments throughout the world are attempting to preserve incentives built into ...
Politically, The Progressive Period had the most significant reform of the three durations. During this period women finally gained suffrage, this is still making a large effect on America today. The New Deal helped safeguard the Constitution after the Great Crash by not going with a left or right wing dictatorship. Along with the Great Society came civil rights movements which banned discrimination in the public and gave blacks the right to vote.
All three of these reform programs were flourishing until their begetter relinquished their control. The Progressive Period was thriving until 1914 when the Great War was approaching. The New Deal was ceased in 1938 when many critics considered the deal to be too socialistic. Thirty years later The Great Society came to an abrupt end when Lyndon B. Johnson failed in his attempt of re-election as the president.
