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CAS PO 331 (27)
Lecture 18

Lecture 18 The New Deal

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Political Science
CAS PO 331
Kate Krimmel

Lecture #18: The New Deal Tuesday, April 1, 2014 9:36 AM - The New Deal set the foundation for contemporarygovernment ○ Caused changes in process and alternatives - Criticism that the gov't is "too big" Revisiting the idea of levels of agenda ○ Things that were not considered to be "American" was considered during the New Deal ○ Line between the agenda universe and systemic moved ○ Before the New Deal, role of government in political economy was very limited  Classical markets: In political economy, the role of state government is the protection of property and enforcement of contracts  Anti-trust: Gov't had the role of maintaining a competitive market  Associationalism: State places knowledge into economic elites □ Power in the private sector □ Hoover put a emphasis on this term ○ During the New Deal, role of government expanded  Fiscalism: Setting aggregate demand and supply by manipulatinginterests and spending (Keynes) □ Roosevelt did not like this idea but as time went on, it became a major tool  Regulation: Fed gov't establishes rules beyond anti-trust □ Inherited from the Wilson administration and strengthened through Roosevelt  Security and Exchange Act  Corporatism: State convenes tri-partisan bargaining relationship with gov't, business and labor □ Very new idea in the US, borrowed from Mussolini's Italy  Planning: Proactive economic actor, that carries about micro actions in the economy □ Idea borrowed from Soviet Union, but did not TAKE OVER private sectors □ TVA: Provide business outside of the private sector  Socialism: State becomes the central economic actor, farthest from the classical market ○ Corporatism and planningfell out of favor after WWII, Fiscalism is still popular Fascism for America - Central argument: capitalism has failed and the remaining alternatives are communism, fascism and anarchy and fascism is the best out of the three - Key ideas: National Planning reading - Experimentalism: Try different ways to govern; recover and prevent crisis - In the 1930s, economic freedom was very important - During the New Deal, the gov't was more concerned about the collective, which requires more intervention Dictatorship - Can a democracy survive a total war - Abe Lincoln used the idea of constitutional dictatorship to save the Union - Sometimes it is necessary because democracy is meant for peace time - Reduction in liberty, emphasis on executive branch - Important to return to ante bellum - Democracy is too slow for times of crisis - Acts may be implemented to prevent future crisis, changing the gov't relationship permanently Demand for "Broad E
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