The Changing Economy: 1865-1939 Essay

637 Words 3 Pages
The Changing Economy: 1865-1939



The end of the Civil War brought a whole new era of economy, political control, and Presidential intervention. The economy emerged from its agriculturally based economy into a flourishing big business dominated world and eventually in 1929 came crashing down. I agree only partially with the quote " The Civil War saw the beginning of an 80-year decline of real individual economic opportunity; nonetheless, the vast majority of Americans continued to profess their belief in individualism as evidenced by the Presidents they elected. Thus, between 1865 and 1939, the majority of Americans accepted big business dominance and rejected all forms of government interference and regulation contrary to
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The Individualist thinker believes that social, economic and political organization should be put to an end. Between 1865 and 1939 most of the Presidents had large political influences on the country. As this time period in 1865 was beginning, Lincoln was assassinated and Andrew Johnson became President. Johnson made an attempt at getting political leadership over Congress but failed and was later impeached. Ulysses S. Grant became the next President and the country was then under congressional control. Up until 1985 when Chester Arthur was President the country had fairly tight Presidential leadership. The only true case of Presidents showing Individualist values was at the beginning of the Great Depression under Herbert Hoover. During the Depression Hoover thought the economy would straighten itself out without government intervention. The nation then realized this mentality was not working and Hoover was defeated to Franklin Roosevelt in 1932. Roosevelt was all for government intervention and created the New Deal which would be designed to provide government support to those struggling. From FDR the country adopted a new concept of economic and social regulation from the government. By the early 1940's the economy, under Roosevelt's Democratic control, was back to the same standards as before the depression.
Between 1865 and 1939 not all Americans accepted big business dominance. In the beginning of this era…