Answer: In my opinion, I would lay the overall authority of regulations and procedures to be handled on both the federal and state level in company. I do so because there should be a general set of regulations to follow set by the federal level, but there would also be a variance of regulations dependent on the state’s population and environments etc. that would need to be managed by the state level. Also I would encourage, but not require, that good local governments would also put into place initiatives to assist in sanitation purposes. (14 points) 3.
Governments institute monetary policies and other laws to ensure a favorable environment for economic growth. Minimum wage is a common economic practice in many nations and is a price control that sets a floor on employee wages. Companies must abide by minimum wage laws when compensating employees for their services. As with many government policies, minimum wage has several negative economic effects. Minimum wage represents a government involvement in a nation economy, although businesses are often wary about the prospect of the government making major economic decisions.
Roosevelt and his “new deal” era paved the way for the revolutionary conversion of the federal government and the country in general. The interventionist in Roosevelt resulted in the nation suffering the wraths of Great Depression with the economy specifically feeling the implications. These include the undeniable market crash, employment plunge, a sluggish foreign trade, flourishing of devaluation and failure of the banking system. The above irrefutable condition which struck America was concretely presented and discussed by Amity Shlaes in her 2007 book entitled “The Forgotten Man: A
(Lupu) The main point Madison expresses in this essay is the important of checks and balances on the different branches of government. Madison begins by explaining the purpose of this essay is to help the people understand how the structure of the
Sarbanes-Oxley influenced public businesses through transformation of the financial system. Public companies required to comply with Sarbanes-Oxley incur additional costs directly attributed
He would provide recovery by creating the NRA (National Recovery Act). The National Recovery Act helped recover from the depression by controlling production, prices, labor relations, and the trade practice in businesses. Although the Supreme Court declared this act as unconstitutional, it led to the PWA (Public Works Administration) and the NIRA. Both of these programs help put money back into the economy, and helped stimulate the economy. Roosevelt’s New Deal program did help America with recovery, relief, and reform at the time, and for the future.
7. Some argue that aid is focused on industrialization causing a greater gap in incomes and living standards between those in that sector and those in the traditional agricultural sector. 8. Aid is often available only if the country agrees to adopt certain economic policies and these often reflect the Washington Consensus policies that emphasize free market principles of liberalization, deregulation and privatization to promote economic growth. These policies might be more in the interest of MNCs and the developed countries rather than the developing countries.
Woodrow Wilson’s Development in American Business Interest Woodrow Wilson described him self as a conservative, yet did not believe that “government must keep its hands off the workings of the economy” instead he felt government should “legislate to protect workers welfare and to regulate corporations”(9). While at Princeton University, Wilson studied history and political science and envisioned detailed solutions to national problems. While president, he now had the power to solve the issues, which he felt needed reform. During this time the United States was changing into an economic super power, monopolies and trusts were controlling the economy and exploiting workers; there was an obvious need for reform. One of Wilson’s first concerns was to reduce tariffs.
He took his business into the commercial field. What have we done to ourselves? As a class we talked about greed and how greed often motivates our financial decisions. We also discussed ethical responsibility in business. I think the best step forward would be to, on a national scale, adjust living standards downward.
The Wagner Act of 1935 also known as the National Labor Relations Act, this law protected the right of labor to organize in unions and bargain collectively with employers, and established the National Labor Relations Board to monitor unfair labor practices on the part of employer. Its passage marked the culmination of decades of labor protest. Also the Social Security Act of 1935 an accomplishment of the New Deal, this law provided for unemployment and old-age insurance financed by a payroll tax on employers and employees. It has long remained a pillar of the "New Deal Order". The relief measures included the continuation of Hoover's major relief program for the unemployed under the new name, Federal Emergency Relief Administration.