Governmental Involvement in the Business World :: Essays Papers

Governmental Involvement in the Business WorldThe politics has played a role in business in our history. They eat up hadpositive as well as negative effects on business in America. That is what I am going to be feel at for this essay. The presidential term has played a vital part in issues such as the excessive power that businesses have had. The government has to a fault helped get rid ofmany kinds of prejudices against women, the elderly, the poor, the disabled, and againstmany racial and ethnic minorities. These changes began with the peeled Deal being ofRoosevelt. After the implementation of the New Deal the take gap began to graduallyclose between the richest and the poorest of Americans. This can be assign to laws anda retentive with other government actions that were put into place during Rooseveltspresidency. Things such as Social Security, unemployment benefits, minimum wage allthese things and much more were introduced by the government to better the lives of theworking public.Government supervision increased in the thirties and several industriesbecame regulated by the government, such as trucking, airlines, electric utilities, andinterstate gas. Other industries as well were kept under government regulation until the1970s and 80s when they realized that the New Deal ideas that were passed in anemergency, were out or keeping(p) in the long run for certain industries.The Securities bring of 1933 and the Securities Exchange Act of 1934 required thatall companies that were traded on the stock exchanges as well as banking firms andsecurities industries issue to stockholders and to the government detailed yearly reports. These would contain information inherent to the consumers. Also railroads and utilities were required to submit annual reports to regulatory commissions. The regulatory commissions and the annual reports were created to make sure that laws would be followed. The laws benefited the investment banking industry in the long run, because it helped companies sell stocks and bonds by giving investors confidence in the decisions they were making.The early 1930s were a time of serious deflation and federal price supports were