Question

In your response, you will be assessed on the following.

- Respond to the prompt with a historically defensible thesis or claim that establishes a line of reasoning.
- Describe a broader historical context relevant to the prompt.
- Support an argument in response to the prompt using specific and relevant examples of evidence.
- Use historical reasoning (e.g., comparison, causation, continuity or change) to frame or structure an argument that addresses the prompt.
- Use evidence to corroborate, qualify, or modify an argument that addresses the prompt.

Evaluate the extent to which the federal government's role in the economy changed in the period from 1945 to 1980.

Answer 1

paper:

The federal government's role in the economy expanded significantly from 1945 to 1980, as evidenced by the implementation of Keynesian economic policies, the creation of new regulatory agencies, and the growth of welfare programs. Broader historical background:

After World War II, the United States experienced a period of economic growth and prosperity known as the "postwar boom." During this time, the federal government took an increasingly active role in the economy, implementing policies that fostered economic growth and stability, regulating business practices, and providing social programs to assist citizens. Dispute:

The federal government's role in the economy changed significantly between 1945 and 1980, as evidenced by the adoption of Keynesian economic policies, the creation of regulatory bodies, and the expansion of welfare programs. First, in response to post-war economic challenges, the federal government introduced Keynesian economic policies aimed at promoting economic growth and stabilizing the economy. These measures include increasing government spending on infrastructure and social programs, lowering interest rates to encourage investment and consumer spending, and using deficit spending during recessions. For example, the Economic Stabilization Act of 1948 established a council to coordinate the government's inflation policy and stabilize prices. The Housing Act of 1949 allocated federal funds for the construction of low-income housing. This policy marked a departure from previous laissez-faire principles and represented a significant expansion of the federal government's role in the economy. These included the establishment of the Securities and Exchange Commission in 1934 to regulate the stock market and create a nation.

Step-by-step explanation: