Economic Changes In The Federal Government Essay

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Economic Changes in the Federal Government From 1900 to 1939 Changes in the economy between 1900 and 1939 led to changes in the United States federal government. During the Progressive era, World War One and Roaring Twenties, and the Great Depression, each administration adapted and reacted to the state of the America at the time. Each administration tackled different situations. They believed their role was to keep the United States and the world stable during economic chaos. The Progressive Era was a time of reform as well as an industrial boom. New ideas and new ways of going about life, awakened people’s mind to the possibility of something better for them. The middle class started to grow, which boosted the national economy, because they were consuming more. In addition, monopolies started expanding their power over the national economy. A few groups became enormously wealthy and possessed great influence. Consequently, most people felt marginalized. Labor unions became a way for the common man to speak out for improved working conditions, higher wages, health insurance, and other means of protecting themselves. The United States federal government led by Theodore Roosevelt intervened in order to control the strength of new labor unions. The Sherman Anti-Trust Act was established in the late 19th century to prevent…show more content…
was trying to stay out of the war, it was still profiting from the battles in Europe. For the first 3 years of the war, the federal government under President Wilson supplied and lent money to Great Britain, France, and Germany. The general public was not aware of the government’s money-based incentive to be in the midst of the war. By 1917 U.S. banks had lent 2.3 billion dollars to the Allies, but only 17 million to Germany. When Germany lost the war, it was forced to pay back these loans along with reparations. America was earning a lot of profit from supplying the war but eventually neither side could afford to
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