preview

Arguments Regarding the US Economy from Conservative and Liberal Mindsets

Better Essays

Arguments Regarding the US Economy from Conservative and Liberal Mindsets

Introduction The Republicans and Democrats have similar and different views on how to handle the United States of America and its immense economy. Both of the parties are more ideologically alike than different. Both parties support the United States Constitution, private property, free enterprise, and our individual freedom. Both view government's role as a limited one, to varying degrees. They support majority rule and the due process of law. Both generally support the reforms made in the New Deal, such as social security, income tax, and welfare. (Goshen, Chapter 10 Notes)

Republicans tend to be conservative and Democrats tend to be liberal. If …show more content…

The Federalist Party ended in 1816. In 1834 it was rekindled under the name of the Whig Party. They were a loose coalition of groups united in their opposition to what party members viewed as the executive tyranny of “King Andrew” Jackson. The Whig Party ended slightly after the Civil War. The Republican Party came about in the early 1850’s on the issue of granting western lands to settlers and supporting the abolitionist movement. The Republican Party is the only third party is United States history to ever become a major party. The Republican Party, or GOP, formed in 1854. The party did not win an election until 1861 when Abraham Lincoln took office. (Goshen, Chapter 10 Notes) Ronald Reagan completely changed the way the federal government works when he undid many of the things Franklin D. Roosevelt created when Reagan dissolved power back to the states, in support of the ideals of the Republican party.

The Republican Argument Freedom is what our ancestors fought for in the Revolutionary War: freedom to do what we want with our lives and freedom from taxation without representation. It is a quality that most capitalistic countries cherish. This quality, freedom from big government and high taxes, could be said to be the basis of conservative beliefs. By having less government intervention in our economy, it allows the people

Get Access