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Economics Of Eisenhower . - Example Papers

Economics Of Eisenhower .


In November of 1952 General Dwight D. Eisenhower was elected to the office of
President of the United States. It was the first time a Republican was elected since
Herbert Hoover in 1928. The Eisenhower administration started at a rather awkward
time, both politically and economically. First of all there was a war on. The Korean War
had begun in June of 1950 and was still waging. As was usual for wartime the country
was economically prosperous. However, the war had caused President Truman to
abandon his former restraints on government spending. The amount of money being
spent on defense skyrocketed to supply the troops in Korea with the supplies they needed.
This caused the federal ...

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for cutbacks in the spending on these programs. Unfortunately for them the
newly elected president was not opposed to the programs Truman had began and
improved upon. Over the course of his administration Eisenhower often did not hold the
same opinions as some of the members of his party.
As the Chief Economic advisor to the President of the United States there are
many different issues which I must consider. These issues are both large and small,
foreign and domestic, and affect the upper, middle, and lower classes. At this point in
time there are several important concerns which I have. The Korean War is ending and
this is going to have a profound affect on the economy of the United States. During the
war the country was prosperous but afterward there is always a high risk of increased
inflation 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 beginning ...

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the amount of money being spent on such
programs or at least curtail the yearly increases. However, there are times when a
political leader must make their own decisions and not base the way they run their
administration on the influences from their party. It would be better for the economic
health of the nation to maintain all of the social programs started under the Roosevelt and
Truman administrations. While this would normally pose a problem to the federal budget
it will not due to current conditions. The amount of money formerly spent on national
security, meaning military and defense spending has been severely reduced (Albertson,
139). This frees up a large amount of ...

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PAPER DETAILS
Added: 11/24/2006 02:00:07 AM
Category: World History
Type: Premium Paper
Words: 1891
Pages: 7

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