Government Intervention Essay

Total Length: 776 words ( 3 double-spaced pages)

Total Sources: 4

Page 1 of 3

Following the onset of the Great Depression, America’s leaders tried to find ways to get the country going again, to stimulate the economy, put Americans back to work, and recreate the prosperous good times of the 1920s.  Franklin Roosevelt called for action.1  Hoover before him called for the government to resist intervention.2  Two decades earlier Teddy Roosevelt called for intervention in the regulation of labor.3  Henry Ford called for self-help—not intervention—but independence.4  Based on these four perspectives, this paper argues that government intervention leads to a culture of dependency, which does not facilitate growth or positive and innovative solutions to real problems; therefore, government should not seek to intervene in the economy but rather allow the bad blood to work its way out, as painful as that may be.

Teddy Roosevelt felt that in order for America to have equitability, the government should get involved.  He argued that “the right to regulate the use of wealth in the public interest is universally admitted.  Let us admit also the right to regulate the terms and conditions of labor, which is the chief element of wealth, directly in the interest of the common good.”5  TR wanted to help any man he stumbled.
 He supported his point by saying that no one could be a good citizen unless he looked out for his fellow man. His ideas were based on philanthropy.  It was the exact opposite of Henry Ford’s argument:  “independence means self-dependence.  Dependence on some one else for employment in busy times may too easily become dependence on some one else for support in slack times.”6  Ford’s argument was based on experience and the philosophy of American Transcendentalism:  self-reliance.  Ford stated he had always had to work, whether anyone would hire him or not.  When no one else would employ him,….....

Show More ⇣


     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


Bibliography

Franklin Roosevelt says Government Must Act, 1933

Henry Ford on Unemployment and Self-Help, 1932

Herbert Hoover Applauds Limited Government, 1931

Teddy Roosevelt Announces  the New Nationalism, 1910.
Related Essays

History of Government Intervention in Tobacco Markets

Tobacco industry has seen significant government intervention since at least the New Deal. Tobacco farmers have typically received subsidies for their crops and the benefits of marijuana prohibition but in more decent decades they have also faced increasingly strict controls on the sale of tobacco products. Prior to the era of restrictive cigarette sales, and buoyed by subsidies, tobacco was one of the more lucrative products to farm in the United States, a situation that has changed of late. The most recent move on the part of the government was the Transitional Tobacco Payment Program,… Continue Reading...

Role of Labour Market Imperfections in Generating Unemployment

making it more difficult for the unemployed to get work. For instance, an increase in minimum wage and labour taxes due to government intervention may cause firms to reduce hiring as more hiring would increase operating costs. This would harm the labour market as the unemployed would remain in unemployment much longer. This outcome shows that the same labour market institutions and regulations intended to promote fairness and equity can somewhat perpetuate inequity. The unemployed would continue prospering while the unemployed would continue being worse off. The negative impacts of economic inequality on economic efficiency are well known (Boeri and Ours, 2013).… Continue Reading...

Healthcare Challenges in the United States

able to mirror this movement. While not all providers will be willing to adopt this strategy, with government intervention it would be possible to enforce this move. The government is involved in all spheres of healthcare and this is done by the development and implementation of policies that ensure that healthcare is accessible to all individuals irrespective (Zhang, Qiu, Tsai, Hassan, & Alamri, 2017). The government is also involved in the financing of healthcare. Financing is in the form of offering subsidies to those who are not able to pay for healthcare services. This will ensure that even those who do not have insurance coverage or Medicaid… Continue Reading...

Solow Growth Model and Unemployment

theorist would predict. As such, there is a case in this school of thought for government intervention to stimulate aggregate demand. Government intervenes either through fiscal or monetary policy, both serving to create new demand by either lowering the cost of money or in the case of fiscal simply borrowing against future earnings in order to spend today. This stimulus spending is viewed unfavourable by RBC supporters, because they do not see a case for it; but favourably by Keynesians who feel that there is a case, that new money put into the economy today will increase aggregate demand, and that in turn will stabilize… Continue Reading...

External Business Environment from 3 Squares Restaurant

political industry in the restaurant industry. Political factors segment discusses the effects of government intervention on the micro and macroeconomic environments. Significant political factors affecting include: Public health policies are evolving especially in need to increase awareness towards discouraging the consumption of fast foods. Increased concerns about the calorie content of each food mean the restaurant has to shy away from high-calorie foods. Employment laws relating to employees safety and rights: The adoption of the Affordable Care Act means that the restaurant will have to provide health benefits to full-time employees; failure to this adoption risks the restaurant a $2,000 fine. Others include… Continue Reading...

Impact of Brexit on Financial Firms

got to do with the degree (and impact) of government intervention in the economy. In reference to Brexit, the Dec 11 parliamentary decision will impact financial firms and how they conduct business. Although an event of this nature ought to trigger uncertainty in the industry, the article argues that financial firms have been quietly preparing for Brexit. This has been made easy by three key factors that give the said firms an added advantage over other kinds of business, i.e. size, regulation, and fear. However, regulatory pressures are sure to be witnessed. For instance, as it has been pointed… Continue Reading...

sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Government Intervention Essay" (2019, January 16) Retrieved March 28, 2024, from
https://www.aceyourpaper.com/essays/government-intervention-essay

Latest MLA Format (8th edition)

Copy Reference
"Government Intervention Essay" 16 January 2019. Web.28 March. 2024. <
https://www.aceyourpaper.com/essays/government-intervention-essay>

Latest Chicago Format (16th edition)

Copy Reference
"Government Intervention Essay", 16 January 2019, Accessed.28 March. 2024,
https://www.aceyourpaper.com/essays/government-intervention-essay