Compare and Contrast the Principles and Policies of the New

question 99

Essay

Compare and contrast the principles and policies of the New Freedom and the New Nationalism programs. Which program do you believe represented the most effective way to promote economic growth and restrain the economic excesses and adverse consequences of free market capitalism? Which program most closely adhered to the economic roots of progressivism? Which program would likely uphold progressivism's commitment to social welfare and social justice? Support your answers with specific examples.

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Definitions:

Economic Forces

Represent the various external factors that influence the economy and affect businesses and consumers, such as inflation, interest rates, and unemployment rates.

Global Compensation Strategy

Involves designing and implementing compensation practices that are consistent worldwide while also accommodating local laws, practices, and expectations.

Competitiveness

The ability of a company, country, or individual to produce goods and services at a lower cost, higher quality, or more innovatively than competitors.