New Deal: Jeffersonian And Hamiltonian Means

843 words - 4 pages

The men who served as president during their terms before FDR either focused on Hamiltonian or Jeffersonian views when making decisions for the country. They either focused on the government having more control, or on the common man having the control. FDR, on the other hand, used a combination of the two. The New Deal was created solely to improve the conditions of the United States during the Great Depression. The successes and failures of FDR’s combination of “Hamiltonian means” to achieve “Jeffersonian ends” are reflected by the New Deal with the occurrence and extremism of the court-packing scheme, the outcome of the National Industrial Recovery Ac t, and the New Deal programs helping ...view middle of the document...

The National Industrial Recovery Act was established after a sharp decline in industrial prices during the Great Depression. It allowed FDR to administer the country’s industry in hopes of stabilizing the economy. One of the program’s goals was to raise these declining prices to help big businesses and workers get back on their feet. According to palamar.edu, one difference between a Jeffersonian and a Hamiltonian is that a Jeffersonian focuses on the forgotten man, while a Hamiltonian focuses on the more successful and wealthier people, such as those involved in big business industries. This program was made on “Hamiltonian means” because it started by FDR helping businesses. However, the program aimed to “achieve Jeffersonian ends” by getting the economy back on track. If bigger businesses were the focus in the beginning, the “forgotten man” would also benefit in the end because companies would be able to afford to hire more workers. The program ran smoothly for a while and did help the economy quite a bit by creating a continuous flow of cash, but after doing well for a while, companies began distributing higher wages, which in turn raised the prices of their product. Consumers would no longer buy the product, so companies spiraled down into hardship again because of overproduction. FDR’s combination of “Hamiltonian means” to “achieve Jeffersonian ends” worked for a while in this scenario because it created that continuous flow of cash to stimulate the economy and get it over of...

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