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- W62992458 abstract "t | ЛНЕ United States, the home of individualism and private I economic enterprise, has undertaken an experiment in social JL control of production and distribution on a scale second only to the Russian experiment. The Agricultural Adjustment Act, the National Industrial Recovery Act, the Banking Act of 1933, the Emergency Railway Transportation Act, the Joint Resolution on Currency, and other emergency measures, passed at President Roosevelt's behest by the emergency session of the 73d Congress, constitute the most remarkable body of legislation ever enacted by a United States Congress. Until these Acts were actually passed few persons could have believed it possible that such radical departures would be made from the traditional American policies of leaving money, banking, and business to run themselves and the country. Almost overnight this country changed from the most aggressive economic individualism to an equally aggressive policy of social control of production which may possibly develop into either economic socialism or economic fascism. The depression has brought this astounding transformation in the attitude of Americans toward business and government. In this time of adversity the people have demanded Federal relief and Federal control of business enterprise. The drastic measures of control which have been embodied in the farm crop control and the industrial codes have been upheld by the courts as temporary measures necessary to overcome the economic emergency. If these radical control measures are successful they will probably be continued in considerable part after the emergency has passed. With the restoration of prosperity doubtless much of the traditional rugged Americanism will be restored, but the old economic order can never be restored in all its pristine crudity with its exaltation of freedom and inviolability of contract, law of supply and demand as the determiner of all prices and things economic, let the buyer beware, the sacred gold standard of value, and other indefeasible natural rights. The main objectives sought by the several recovery acts are: the" @default.
- W62992458 created "2016-06-24" @default.
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- W62992458 date "2016-01-01" @default.
- W62992458 modified "2023-09-27" @default.
- W62992458 title "The Great American Adventure" @default.
- W62992458 hasPublicationYear "2016" @default.
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