"Franklin D. Roosevelt - American Heritage Center, Inc." Franklin D. Roosevelt - American Heritage Center, Inc. N.p., n.d. Web. 15 May 2014. .
Cleon Skousen’s The 5000 Year Leap described the twenty-eight fundamental principles which established the Constitution. It argued that application of these principles is absolutely necessary for successful function and advancement of the American government and people; it emphasized the importance of morality and virtue in a society of free people. An analysis of The 5000 Year Leap ultimately disproved Skousen’s claim that the fundamental principles which established the Constitution are responsible for the “five thousand-year leap”.
Roosevelt, Franklin D., and Samuel Irving Rosenman. The Public Papers and Addresses of Franklin D. Roosevelt. Vol. 13. New York: Harper, 1950. 40-42. Print.
Hertzberg, H. (2002, July 29). Framed up: What the Constitution gets wrong. The New Yorker. Retrieved from http://www.newyorker.com/archive/2002/07/29/020729crbo_books
The United States Constitution is arguably considered one of the nation’s most influential documents in America’s history. This centuries old document has not only guided the United States to becoming a successful society, but has also helped other nations in the forming of their own governments. Although, there has recently been a great deal of controversy as to whether the Constitution is still valued today. America has changed greatly in the time since the Constitution was first ratified, it is argued that the older views of the Constitution don’t necessarily reflect the views of today’s society. When the Constitution was created the delegates understood that there would be problems as the young
The national debt is usually a frightening topic citizens of any country, however, in the United States, twenty trillion dollars of national debt is one of the major fears of the economy. Along with this fear comes every politician claiming to be the person to lower this astronomical debt to ease concerns in the modern American economy. In Hamilton’s Blessing, John Steele Gordon tries to alleviate these concerns by showing a plethora of benefits and good the debt has been able to do throughout the history of the United States. The central premise of the book and the main guideline for John Steele Gordon’s thinking is that the debt was used to save the Union in the 1860’s, the American economy in the 1930’s, and the wellbeing of mankind during
Roosevelt, Franklin D. “First Inaugural Address of Franklin D. Roosevelt.” 4 March 1933. Yale Law School Lillian Goldman Law Library. Web. 24 January 2014.
The collapse of the American, and subsequent recession, of the world economy has been mired in painful complexity of miscalculations, misunderstandings, and a general overestimation of the prosperity being handed out to insolvent interests at large. Bailouts to credit crunches and Wall Street to Main Street has left banks all over the United States trying to liquidate their assets in order to retain a profitable balance sheet. This, in a macro-level picture, is what has led to the foreclosure of 1,395,044 homes between the beginnings of the economic meltdown in July 2007 and March 2009, (CNNMoney.com) leaving the imagination to fill in the numbers of homes lost up until now. The 780 billion dollar taxpayer tunicate shattered all visions of the celestial “invisible hand” that has guided capitalism for decades, and put in perspective a new flavor of ideology that would mean closure federal inspection of markets and greater federal protection of American consumers and homeowners. However, after a year since disbursement of taxpayer bailout funds, coupled with continuing tightening of credit lines, rising interest on consumer loans, and a steady flow of foreclosures, the problem of families ultimately ending up out of their homes and potentially on the street has the potential force to destabilize American democracy, as it is known, and is a topic requiring considerable analytic width and depth if ever hoped to be fixed and reversed.
Over the years, the Federal Reserve has grown and evolved significantly. And while it has been useful in promoting growth, employment, and regulation of financial intermediaries, it can’t stop financial crisis all together. The Federal Reserve didn’t prevent the Great Depression, or the financial panic in 2008. “…Opposition to a central bank, rooted as deeply as it was in the American psyche, didn’t go away. Instead, it evolved” (Irwin 2013). While the Federal Reserve is a scapegoat for blame in these times, it has to do it’s best to evolve and make the best out of these situations. Just as the past central banks did, The Federal Reserve continues to evolve every day with the ever complex and growing economy.
The initial establishment of the Constitution of the United States of America faced various critics. Among them the President was said to have too much independence, the Senate too aristocratic and that the Congress had too many powers and finally, the national government had too much authority. However, most importantly, the critics argued that a bill of rights had not been included in the constitution. To obtained ratifications from a few important states, the Federalist (supporters of the ratification of the constitution) pro...
Beard, Charles Austin. An Economic Interpretation of the Constitution of the United States. New Brunswick, N.J.: Transaction Publishers, 1998. eBook Collection (EBSCOhost), EBSCOhost (accessed February 23, 2014