Agriculture

Please help me assess the vidality of the statement below?

The New Deal secured the support of labor and agriculture after 1932 as the Republican party had secured the support of industry and commerce since 1920 – with special interest programs giving financial aid, legal privileges, and other types of assistance. Assess the validity of this statement, giving attention to both periods (1920 –1932 and 1932 – 1940).

Providing “special interest programs giving financial aid, legal privileges, and other types of assistance” is certainly valid for the New Deal part of this equation, but only in limited form for the 1920s Republicans. Initially, Republicans gained the favor of industry and commerce by leaving them alone (Coolidge said “the business of America is business”). This laissez-faire approach to government continued to 1929 when the Depression began. Hoover then supported government intervention that favored business (as well as some direct public assistance).

Financial Statement Analysis 1

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