A Wise Economist...
But, it cannot be said that every aspect of the American System hurts individuality. For a long time, the United States government was subscribed to a theory of economic control known as Laissez-faire But, after the Great Depression hit, it was hard for the government not to step in. They saw all the immense suffering as the results of their failure to intervene. When the banks collapsed there was no mechanism in place, the average person, with their dreams and goals, was thrown into bankruptcy. Farmers struggling in the west had their land seized. This political cartoon reflects the difficulty of those who were doing everything right but couldn't avoid the recession.
This complicates the idea of the American System crushing individualism. This cartoon is about the FDIC, which allowed the government to bail out banks and ensure that all people receive the money they put into a bank. It ended the era of runs on the banks, and made the economic situation of the United States much more stable. This is an example of when the United States’ system has inherently become something more conducive to individualism. This program allows people to use banks and collect interest in peace. It allows them to feel safe about their investments, and build capital towards their dreams. So, the American System doesn't always hamper the individualism of its members. Sometimes, the government steps in and ensures that the individual is protected. Sometimes. America is out there with the rebels, making sure the powerful banks can't destroy them.
But, the FDIC is of little help for those without the money to invest in the first place. Some men, no matter their genius, simply cannot achieve any economic prosperity in America.
This complicates the idea of the American System crushing individualism. This cartoon is about the FDIC, which allowed the government to bail out banks and ensure that all people receive the money they put into a bank. It ended the era of runs on the banks, and made the economic situation of the United States much more stable. This is an example of when the United States’ system has inherently become something more conducive to individualism. This program allows people to use banks and collect interest in peace. It allows them to feel safe about their investments, and build capital towards their dreams. So, the American System doesn't always hamper the individualism of its members. Sometimes, the government steps in and ensures that the individual is protected. Sometimes. America is out there with the rebels, making sure the powerful banks can't destroy them.
But, the FDIC is of little help for those without the money to invest in the first place. Some men, no matter their genius, simply cannot achieve any economic prosperity in America.