Redistibution Of Wealth
This is the first 1,000 characters of 515 words (2.06 pages) in the essay titled Redistibution Of Wealth
|Redistibution of Wealth
AP. US. History II
22, March 2005
Redistribution Of Wealth
October 1929 the United States of America went into a state of great depression. Millions of Americans lost their jobs, their homes and went deeply in debt. The reasons for the great depression were the over production of goods, higher tariffs, over speculation of the stock market, unregulated banking and the misdistribution of wealth. The president of the time Franklin Delano Roosevelt enacted a solution called The New Deal. This plan included emergency measures for industrial recovery, agricultural recovery and short-term emergency relief of the jobless. Huey Long a senator from Louisiana was the biggest opposition to Roosevelt. Long proposed taxing the rich to give to the poor. The government should not use its taxing power to redistribute the wealth in America.
Huey Long’s plan of reform bordered on socialism. He proposed that every family have the rea...
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