Governmental Involvement in the Business World :: Essays Papers

Governmental Involvement in the Business WorldThe government has played a role in business in our history. They have had dogmatic as well as negative effects on business in America. That is what I am going to be looking at for this essay. The government has played a vital part in expirations such as the excessive power that businesses have had. The government has also helped get rid of many a(prenominal) kinds of prejudices against women, the elderly, the poor, the disabled, and againstmany racial and ethnic minorities. These changes began with the New Deal being ofRoosevelt. After the implementation of the New Deal the wage gap began to graduallyclose in the midst of the richest and the poorest of Americans. This can be credited to laws andalong with other government actions that were put into place during Rooseveltspresidency. Things such as Social Security, unemployment benefits, minimum wage allthese things and lots more were introduced by the government to better the lives of theworking public.Government supervision increased in the 1930s 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 impertinent in the long run for certain industries.The Securities Act 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 annual reports. These would contain information essential 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 convinced(predicate) that laws would be followed. The laws benefited the investment banking in dustry 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 upright deflation and federal price supports were