The Republican Party Began as the Party of a Strong

question 18

Essay

The Republican Party began as the party of a strong federal government and the party that supported business interests. What led to the change in which the Republicans began to support business interests and a smaller federal government?

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Definitions:

Deflation

A drop in the overall pricing of goods and services, typically signaling a shrinkage in the money or credit available in the economy.

National Income

The total value of all the goods and services produced by a country’s economy in a specific period, including income from foreign investments.

Gross Investment Expenditures

The total amount spent on new capital assets, before accounting for depreciation.

Government Expenditures

The spending by the government sector on goods and services, including public services and public investment.