The New Deal was a series of domestic programs achieved by President Franklin D. Roosevelt between 1933 and 1936. Roosevelt and all of the US hoped that the New Deal would cause an end of the Great Depression, which was the worst economic crisis in US history and caused the unemployment rate being in double digits from 1931 to 1940. But today, many people say that the massive spending of World War II was the reason for the longed-for end of the Depression. Which of these two scenarios finally made the employment rate go up and end the great Depression?
World War II began in 1939, and one definitely can’t say that it was enjoyable. Food was rationed, luxuries were removed, taxes were high and ...view middle of the document...
It should also provide a house and medical care. Thi sounds like an expensive idea. People would have to pay high taxes for these things, even though they might even not need some of them. It would reduce all taxpayers rights to keep the income they have earned. The Economic Bill of Rights would be inconsistent with the property rights promised in the Declaration of Independence and the Constitution.
Unfortunately, Roosevelt died before the war ended, but shortly before , senator James Murray introduced a full-employment bill into the senate for discussion. The magazine The New Republic responded to this in an article: “In this session of Congress, one of the first bills to be introduced will no doubt be the full-employment bill of 1945, designed to carry out item number one in the Economic Bill of Rights.
In September 1945, President Harry Truman announced that he supported the Economic Bill of Rights, especially a full-employment bill, but most congressmen rejected both. It would just cost the American taxpayers too much money. That’s why most of them preferred a cutting of tax rates to
restore economic growth. After a debate Congress finally decided to cut tax rates and to discard the Economic Bill of Rights.
And finally, some progress in the economy was visible. The American business expanded and revenues to the treasury increased to balance the federal budget. The Great Depression was over when the unemployment rate was only 3.9 percent in 1946 and 1947.
Other people say though, that the cutting of taxes wasn't the reason for...