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Essay

Economics Of Eisenhower

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Issue:

Miscellaneous

 

Written by:

Clinton M

 

Date added:

October 5, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1889

 

Was viewed:

446 times

 

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Essay content:

As was usual for wartime the country was economically prosperous. However, the war had caused President Truman to abandon his former restraints on government spending. The amount of money being spent on defense skyrocketed to supply the troops in Korea with the supplies they needed. This caused the federal deficit to increase dramatically (Pach and Richardson, 53)...
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Although Truman found much opposition to his programs in Congress he managed to get several things done. Such as a public housing bill, an expansion of social security coverage, and increased minimum wages. The Republican party was not in favor of the majority of this legislation. Thus when Eisenhower was elected they immediately made plans for cutbacks in the spending on these programs...
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