Respuesta :
During the Gilded Age, federal role was limited to development of agriculture and giving financial support to companies involved in railroad system. They had little role in business.
During 1930s, role of federal increased substantially. They started to take call in business and think about taking the economy out of depression.
Explanation:
US saw Gilded Age after the American Civil War. During this period, there was rapid increase in industrialization. Railroads were built during this time.
Small industries became big.
However, during this time, there was an increase in corruption. Economy was dominated by few individuals and people used to work for them only.
In 1930s, there was global crisis and it resulted in great depression which started from United States. In US, it was crash of stock market which led economy to drop drastically by end of 1929.
During this time, the federal government started to take active steps to overcome this.
During this time, Herbert Hoover was the President. He started releasing more of federal funds for public projects and asked employers not to do wage cut for their workers.
The role of the federal government in the United State differs from the economy of the 1930s based upon agricultural development and financial help to railroad companies were the extents of the federal government's involvement during the Gilded Age. They had little role in the business world.
What happened during the 1930s, and the role of the federal government?
During the 1930s, the federal government's influence rose considerably. They started taking business calls and thinking about how to get the economy out of its funk. In economics, the principle of laissez-faire is a cornerstone of free-market capitalism. The government's responsibility in a laissez-faire policy is to preserve individual liberties rather than to regulate business in any way.
When it comes to economic intervention, the term 'laissez-faire' means 'leave alone.' The administration put billions of dollars into relief and job-creation programs, as well as plans to address the financial and farm problems, in its first hundred days.
The Second New Deal (1935–37) signaled a political shift to the left. The Social Security Act of 1935 was at the heart of the second phase.
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