Classical Conservatism

Classical liberalism, New Deal liberalism, and neoliberalism have seemingly became prominent economic policies that have nearly shaped how many countries in the world conducted business. Although each policy has sprouted from classical liberalism, promoting the idea of individuality and liberty against abusive powers of government, each form of thinking has been altered as time progressed. Overtime, major corporations that exemplified financial inequality would eventually find themselves in the worst economic crisis in all of history, bringing high unemployment and widespread poverty, referred to as the Great Depression. Luckily enough World War II and Franklin Roosevelt's New Deal efforts would slightly improve and transform the economy, strengthening

Classical liberalism developed during the 18th and 19th century in Great Britain and the United States. This ideology was heavily influenced by the Enlightenment period, drawing upon the ideas of intellectuals and philosophers such as Adam Smith, John Locke, and Thomas Hobbes. Classical liberalism opposed the state-controlled systems of monarchs and clergy. Much of John Locke’s ideals served as the forefront for the creating of classical liberalism, arguing that each man had the natural right to life, liberty, and property and that the role of government was to preserve these basic rights. Classical liberalism primarily values the Freedom and liberty of the individuals, including freedom of thought, speech, religion, assembly, press, and markets. Individual value serves the primary political value of classical liberalism, asserting that the Government should only intervene in the protection of life, liberty and property. Anything

As large corporations used the labor of many impoverished individuals as means to overproduce goods and limited governmental systems that hardly regulated economic stability, an economic crisis was bound to occur. Such crisi became known as the Great Depression, causing an international depression in many industrialised countries such as France, Britain, Germany, and Japan. The Great Depression lasted for nearly a century, and was considered the worst economic downturn in the industrialized world, as millions of individuals endured in joblessness, homelessness, and starvation. In order to improve this economic catastrophe, President Franklin D. Roosevelt introduced a new form of liberalism, known as New Deal liberalism. The initial goals of New Deal liberalism were to stabilize financial institutions, provide relief and create jobs for the unemployed population, assist homeowners and farmers, and regulated economy and strengthened organized labor (Kelley). Furthermore, it proposes that the government should provide firm regulation of industry, investments and financial assistance in public