Economics of Eisenhower

In November of 1952 General Dwight D. Eisenhower was pick out to the office of prexy of the join States. It was the first time a republican was elected since Herbert hoover in 1928. The Eisenhower administration started at a rather unwieldy time, both politically and economically. initiatory of all in that location was a war on. The Korean state of war had begun in June of 1950 and was still waging. As was usual for wartime the country was economically sluttish. However, the war had caused President Truman to retract his former restraints on regimen spending. The amount of money universe spent on vindication skyrocketed to supply the troops in Korea with the supplies they needed. This caused the federal deficit to add-on dramatically (Pach and Richardson, 53).\n\nAnother legacy leftover from the Truman days was that of the bonny Deal domestic program. Although Truman ensn atomic number 18 much opposition to his programs in Congress he managed to lend several things done. Such as a public lodging bill, an expansion of social protective covering coverage, and increased minimum wages. The Republican party was not in favor of the majority of this legislation. therefore when Eisenhower was elected they immediately do plans for cutbacks in the spending on these programs. Unfortunately for them the newly elected president was not contrasted to the programs Truman had began and improved upon. Over the scarper of his administration Eisenhower often did not hold the same opinions as some of the members of his party.\n\nAs the tribal caput Economic advisor to the President of the unite States there are many different issues that I must consider. These issues are both large and small, foreign and domestic, and coin the upper, middle, and lower classes. At this check in time there are several in-chief(postnominal) concerns, which I present. The Korean contend is ending and this is going to overhear a profound go on the economy of the United S tates. During the war the country was prosperous but afterward there is always a lavishly risk of increased pretentiousness and an increase in unemployment. These conditions have the ability to cause a recession. Now that an armistice has been reached in Korea, a recession is get-go to occur (Pach and Richardson, 54).\n\nI think that the Presidents chief concern...If you want to get a full essay, order it on our website:

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