During one of the most significant periods of twentieth century America, Arthur Schlesinger Jr. sought to hypothesize the elements of American politics that allowed the United States to escape the Great Depression of 1929, Roosevelt's New Deal, and fight the second world's war, without the federal government becoming a dictatorship. ... The hard money policies are credited, by Schlesinger, for significantly revamping American politics "economically: by preventing periodic depressions; politically: by preventing the rise of a tyrannical powers that would rival the governments authori...

• Word Count: 1042
• Approx Pages: 4
• Grade Level: Undergraduate

However, during the Great Depression, money gathered through income taxes decreased, rendering the plan both useless and pointless. ... Additionally, alcohol manufacturing and distribution offered the money and jobs that post-1929 American society desperately needed. ...

• Word Count: 819
• Approx Pages: 3
• Grade Level: Undergraduate