ECON 1740 American History: The New Deal

Name Professor Course Date Econ1740 American History 1 What was the relative share of local, state and federal government in total public expenditure before 1932? And after 1940? Response Before 1932, the shares of local, state, and federal government were 50 percent, 20 percent, and 30 percent respectively. However, after 1940, the shares were roughly local 30 percent, state 24 percent and federal 46 percent. 2 Did the increase of the US government share (which can be measured as the percentage that taxes collected by the government represent concerning GDP) make the US economy a “big government one" concerning other industrialized countries? Why or why not? Response The increase of the US government share apparently makes the US economy a big government concerning other industrialized countries. The economy of the country grew by almost double digits (Gelfand, pp. 13). The revenue collected helped in the construction of infrastructure and agricultural development which enhanced and spurred rapid economic growth. 3 Name and explain the measures implemented by one act or program passed during the First New Deal aimed at helping either agriculture, or industry, or providing relief. Response Soil Conservation and Domestic Allotment Act, which allowed to keep paying farmers...