Globalization

President Theodore Roosevelt, a leader of progressivism was highly in favor for a reform at a national level. He believed it was the governments duty to regulated businesses and improve the life's of the people. While the second industrial revolution brought major industrial achievement it also gave corporate bosses excessive amount of power, which they used to bend political parties to their favor and progressives such as president Wilson hoped to rectify this(Document 2). During this progressive movement many Americans focused on reform the country in ways that would creating a limitation on major business, such as Rockefeller Standard Oil, that used a unfair monopoly system to build their empire, which was damaging the economy. Roosevelt being the first to take signification action on trust-busting, such as passing the Hepburn Act which was enacted in 1906 set a precedent for the power of the federal government. The Hepburn Act set a maximum price for the freight rates on the railroads and it extended the reach of the Interstate Commerce Commission to regulation of pipelines, freight companies, sleeping-car companies, bridges and ferries. During this period the federal government passed an incredible amount of legislation that mainly regulated the problems in the society to provide a greater sense of regulation and protection for the people. Problems such as overbearing freight prices, vile food preparation and inconsistent economic status were issues that needed to be amended. Roosevelt also focused of the conservation of natural resources to help further developed the nation land and it's usefulness(Document 6). Anti-trust acts, Federal Reserve Acts were also established to break trusts to help improve market rates and improve the quality of life for the working class through more regulations on businesses by the federal government. Roosevelt trust-busting helped

During his time as President, Coolidge vetoed a bill providing bonuses to World War I veterans as the costs were too great, and he also refused to reduce import tariffs on foreign goods (“Calvin Coolidge”). However, Coolidge did support the Kellogg-Briand Pact, which was an international peace plan signed by the U.S, Great Britain, France, Germany, Italy, Japan, along with sixty other nations to outlaw war between the nations, but there was no system for enforcement, besides the nation’s word, which would soon prove not to be enough (“Calvin Coolidge”). Additionally, during Coolidge’s time he believed in free enterprise, and thought it meant that businesses were exempt from government rules. In other words, Coolidge thought regulation would cause businesses to become less profitable, thus leading to an unhappy nation, which is an undesirable goal for a President. In order to prevent this from occuring, Coolidge established regulatory agencies such as the Federal Trade Commission and the Federal Reserve Board to help the businesses (“Calvin Coolidge”). Coolidge’s laissez-faire attitude also extended to the farmers, where he vetoed the McNary-Haugen Bill in 1927 and in 1928, which would have let the government purchase and store crop surpluses (“Calvin

Henry Clay in 1816 would set a tariff of 30-40% in order to counter the British dumping of goods into the markets. Although this move was not entirely popular, it did help in maintaining the glass, iron, and textile industries that has been growing during the blockade. This created and maintained the economic growth for the northern states. This would also allow the southern states to maintain their high prices for goods such as tobacco and cotton, boosting their economies. The entire nation benefited from this tariff, despite people from both north and south opposing the tariff for different reasons. The Blockade during the war showed that the United States needed a strong iron industry especially, so after the war, the United States did all it could to maintain and build the industry so it would not be destroyed by blockade again. This mentality of economic independence would help drive all American industries to grow and expand with the nation’s

Franklin D. Roosevelt in the 1932 election and Roosevelt won by a landslide carrying 42 states and Hoover only had 6. Roosevelt was determined to get us out of the Depression so he came up with the New Deal. This was designed to specifically help people who were affected by the depression. Roosevelt stated he would Relief, Reform and Recover America. Relief was to help out those who were unemployed and suffering. The Reform was to find out what the causes were and to prevent them from happening again and the Recover was to fix the economy. Roosevelt’s quest to end the Great Depression was just beginning. He asked Congress to end Prohibition which was later done that year. He created the CCC in 1933 that lasted for ten years and its purpose was conservation of resources. It also provided 2.5 million jobs to men where they earned thirty dollars a month. CWA didn’t last long at all. It was a construction job and lasted a year, but in that year gave over 4 million people jobs. They worked on things like rivers, schools and roads. Also in 1933 the Glass-Steagall Act was passed. This gave regulations to banks and people could obtain insurance up to 5,000 dollars through the new FDIC. After this people were no longer afraid to put their money in the bank. TVA is known as one of Roosevelt’s most ambitious act. This was created for the Tennessee River watershed and built 16 dams to control flooding and create hydraulic power. It also helped with agriculture

This allowed new markets to open and helped businessmen like Henry Ford provide automobiles to the working class for the first time. Due to the increase in the standard of living and increased buying power people received during the 20’s, the liberal policies of president hoover were embraced. However even prior to the Depression, Herbert Hoover displayed some conservative tendencies. In his candidacy speech he showed contempt for liberalism because it would limit the liberties of people. He also believed that less government intervention would be in everyone’s best interest (Doc A). He believed in the personal and states rights which was shown in his lack of intervention during the Great Depression. He stated that the only way to pursue change was to promote people to do what was best in their communities (Doc B). One of Hoover’s goals during the Depression was to retain a balanced budget (Doc F). However his support of businesses made him reject the plea of the public to increase inflation so that they could pay of their debts because he believed it would stop businesses from investing money. This led to a large burden being placed on trading partners as well as american workers, although he did try to give money for the creation of public works jobs (Doc C). To help the economy Hoover passed the Hawley-Smoot Tariff, which was the highest tariff in US history. This resulted in higher public debt and deficit which reached 22.5 billion by the time FDR was in office (Doc

Smoot Hawley Tariff: A Destructive Contribution Farmers all through the 1920s had experienced “intense competition and declining prices because of overproduction [;] U.S. agricultural interests lobbied the federal government for protection against agricultural imports” (Britannica 2015). Herbert Hoover had sided with the farmers in raising Agricultural tariffs that eventually led to his presidency and signing of the act. This Smoot Hawley Tariff as it was called would “increase the cost of imported goods so that U.S. consumers would spend their money on U.S. products” in turn would save U.S. jobs in “import competing industries” (Suranovic 2012). The act went through various revisions leading up to the presidents signing that rose tariffs for

He started off with saying “We have nothing to fear but fear itself.” The New Deal was meant to try to restore and recover farms and their prosperity. This New Deal was enacted by President Roosevelt within the first three months of his candidacy. The New Deal was the set of federal programs launched by President Franklin D. Roosevelt after taking office in 1933, in response to the calamity of the Great Depression and the Dust Bowl, and lasting until the Second World War in 1942. The New Deal was important to society because it provided short term relief and long term structural relief. However, it did not end the Great Depression due to Roosevelt’s political enemies fighting him about it.The next act that was really important was the Taylor Grazing Act of 1934. This act provided regulation of grazing on public land to expand the range of farming and regulate their use. This act permitted 80,000,000 acres of unreserved land that could be used for farming. These permits can also be used for other things such as building fences, reservoirs and other

Theodore Roosevelt advanced the economy the most with the Hepburn Act, the Sherman Anti-Trust Act, and The “Trustbuster”. The Hepburn Act gave our government more control over railroad shipping rates, which were quickly spiraling out of control thanks to monopolies. (A monopoly is a company that has complete control over a product/service). In fact, the Sherman Anti-Trust Act made it illegal for companies to form monopolies. It was thanks to this that Roosevelt broke up 42 monopolies during

The great depression hit everyone, crippling the economy and killing the working class. While President Herbert Hoover inherited much of his predecessors failing policies, he also took on most of the blame. Most saw him as insensitive to the millions of suffering Americans which led to his defeat in the following election to President Franklin Delano Roosevelt. President Roosevelt came up with the plan the new deal to help the economy recover, reform it, and relieve it and in the new deal there was the Agriculture Adjustment Act, Securities and Exchange Commission, and the Social Securities Act.

Globalization, in its most literal definition, is the process of making, transforming or expanding a product or service into a global one. This process is a combination of economic, technological, socio-cultural, and political forces (Button, 2008).

Hoover wanted to help the American economy to recover by encouraging American businesses to work together; he did this by passing the Smoot-Hawley Tariff in 1930, an improved version of the Fordney-McCumber tariff. This meant that American Businesses had to buy from American Suppliers so as to continue making a profit; it also meant that other countries could no longer sell as much produce to America, one of the worlds largest consumers. Other countries were of course suffering in the same depression which was worsened for them by the effects of the First World War. As a result of this other countries began to pass tariffs of their own, this reduced international

FDR stopped farmers from suffering showed he is very effective to the problems caused by the Great Depressions and changed the role of the government. The Great Depression especially hurt farmers because farmers lose their lands when they could not pay back their debts to the banks. The farmers needed to migrate to other places to seek for other opportunities. In order to help the farmers to overcome their problems, FDR created the Agricultural Adjustment Administration (AAA), which provided immediate relief to farmers by setting prices for agricultural products and paying subsides to farmers for curtailing production of certain crops that were in surplus. However, at the beginning the Supreme Court kept rejected FDR’s New Deal programs which

This act was called the “Agricultural Adjustment Act”. “Mr. Roosevelt promises Daddy won’t have to pay a dime till the crop comes in” (Hesse). Also, farmers anticipated that rain would cover the fields and their crops would sprout up. When Roosevelt and his men came up with the New Deal, people were rapturous. The New Deal is “an unprecedented number of reforms (changes) addressing the catastrophic effects of the Great Depression” (PBS). 3 months later, the president signed the Glass-Steagall Act which created the FDIC. The New Deal did not end the Great Depression, but they experimented with these next programs and they actually helped soften the blow of the Great

What pushed people towards the idea of globalization? Globalization is the increasing interactions of people for money, ideas, and culture. The earliest form of globalization in the world was the idea of hunting and gathering societies. Hunting and gathering societies were groups of people interacting with each other for new ideas and a better chance of survival. Hunting and gathering societies were replaced by civilizations with the new idea of agriculture and farming. With the abundance of food, populations could now increase and people no longer had to embark on extensive travel for food. This allowed for people to create new technology, ideas, religions, culture, and goods without worrying so much about survival. All over the world people are creating new things, but they are doing this with different materials and ideas that others did not have. Some people wanted money by selling their things to others. Other people's religions required them to spread the word and recruit more people into believing in it. Although people wanted to spread their religion, others did not. This caused great conflict between civilizations with different beliefs. Others who were interacting with each other wanted to adopt or purchase these new ideas and things, which led to the term we know as globalization. Globalization was the result of people interacting with each other based on the ideas of trade, war, and religion.

The Impact of Globalization on Human Resource Management Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.