In some ways, the New Deal and the Progressive Era were
similar. The Progressive Era saw the beginning of government involvement in the economy
and the New Deal took that to new heights. The New Deal really cemented the idea (which
had started in the Progressive Era) that the government was responsible for making the
economy run well and fairly.
However, the New Deal was
(when compared to the Progressive Era) much more about economic stability and much less
about economic justice. The most important changes in the Progressive Era involved
things, like trustbusting, that were meant to reduce the power of big businesses and to
prevent them from abusing the people.
The New Deal was not
like that. The New Deal did not try to punish businesses or to stop them from hurting
people. Instead, the New Deal was meant to create economic stability. The New Deal
featured projects like the TVA which were meant to promote growth and stability. It
featured new programs like Social Security and the FDIC which were also meant to protect
people against economic pain, but not really meant to protect them from the actions of
big business.
All in all, then, the Progressive Era was
more about reining in businesses and preventing them from abusing people whereas the New
Deal was more about helping to keep the economy stable, which would help both
individuals and businesses.
No comments:
Post a Comment