The American government has since steered clear of measures like price regulations and has instead promoted a model that trusts the elasticity of the market. However, New Deal measures like unemployment insurance and social security have remained in place.
World War Two, rather than any direct effects of the New Deal, helped stimulate the American economy. Since the Reagan administration, the American government has followed a trajectory nearly opposite to that of Roosevelt's. Laissez-faire government attitudes toward economic growth and a dismissal of welfare needs have been touted as bulwarks against future economic depression. The market dictates the business environment, which supposedly thrives with minimal governmental intervention or regulation.
However, the American government may be facing a new crisis soon. Its national debt is astounding. The dollar is no longer backed by gold as it was during the Roosevelt administration, making the entire global market economy dependent on the performance...
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