Legislative Influence On The Economy
Legislative Influence on the Economy Throughout history, there have been instances of the government affecting the economy, be it with the B.U.S. or with the Fair Labor Standards Act, the government has played an important role in our economy. The government rescued the United States from the Great Depression by increasing demand and lowering taxes. During the 80's, the United States was forced into a recession that threatened to destroy the economy. Both instances were due to intervention of the government to the economy. Most of the government intervention is done by subsidy, which is a form of economic aid to assist a private enterprise, but a good deal is also done by legislation. There are many areas in which the government influences the economy through legislation. One area influenced by legislation is business. Calvin Coolidge said, "The business of America is business." The government has seen to it that it is fair with this. During the late 1800's and early 1900's, several......
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