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Government Involvement In The Free Market Essay

538 Words3 Pages

The most painstakingly Obvious and best example that could-be used as an example of the US government bailing out the free market was the great depression. With president Hoover's idea of volunteers them and hands off government involvement in the market the market continued to plunge as those record high unemployment and a Terrible Economy. The hands off I'd you truly change when president Franklin down on Roosevelt implemented many of his new government programs in his new deal. The new Dio was a perfect example of government spending and government involvement in the economy that would help the private sector and free market climb out of the terrible depression that had found itself in in the early 1900s. When economy is in shambles the government's responsibility as proven in history is …show more content…

With the United States basically being formed on a distrust the government and a hatred of unfair taxation you've always had individuals who have felt as if government needed to stay small and that the market needed to regulate itself. On the other side of that coin you had individuals who felt like the market should be able to drive but the government must be there to make sure the market regulates itself and that there's no corruption within the market. Know I for one stand on the phone belief that the government needs to know when the market is thriving and can regulate it self and when the market is failing and needs regulation. There always needs to be some regulation within the market, for example what is to stop to big companies from merging and basically creating a monopoly. This scenario a lot of times it brought-up with cell phone carriers with 18TA lot of times looking to buy-out smaller companies, over us government has always blocked these efforts due to the idea that it would create a monopoly on the cell phone

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