1. Libertarianism
Manufacturing output increased, productivity costs fell, corporate profits boomed, luxury spending increased all in effect due to the government's increased speculation inflating the money and credit supply--leading to an oversupply of goods. In our economy that supply did not equal the demand; middle-class Americans could no longer afford their luxuries and materialistic wants in as much the wealthy were satisfied by spending a meager portion of their income. Despite calling for a twenty-five percent reduction in federal spending, a balanced federal budget, a stable gold currency, and ...
- Word Count: 7038
- Approx Pages: 28
- Grade Level: Undergraduate