Government Involvement in the Economy

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  • Topic: Elections, Two-party system, Coalition government
  • Pages : 3 (1005 words )
  • Download(s) : 109
  • Published : December 9, 2012
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Two Party System

A two party system is a system where two major political parties dominate voting in nearly all elections at every level of government and, as a result, all or nearly all elected offices are members of one of the two major parties.1 Usually in two party system’s counties there are two different ideologies, the conservatives and liberal. In United States, there are two parties, Republicans and Democrats. And in this system, Republican Party is the conservatives, Democratic Party is the liberal. Before the Civil War, the party called Democratic-Republican. By the 1850s the debate over slavery had created divisions within both parties. The Democrats split into Northern and Southern factions. Many Whigs joined a new party that opposed the spread of slavery--the Republican Party. In 1932 the Democratic Party won the White House and assumed control of Congress. For next 50 years, Democrats remained the majority party. But beginning in 1968, Republican Party controlled the White House for 6 of the next 9 presidential terms. And beginning in 1995, for the first time since Truman, a Democratic president worked with a Republican. Republican Party emphasizes the role of free markets and individual achievement as the primary factors behind economic prosperity. To this end, they favor laissez-faire economics, fiscal conservatism, and the promotion of personal responsibility over welfare programs. Democratic Party has opposed unregulated business and finance, and favored progressive income taxes. Sometimes two party system have been seen as preferable to multi-party systems because they are simpler to govern, with less fractiousness and harmony, while multi-party systems can sometimes lead to hung parliaments.1 Analyst Gary Cox suggested that America's two-party system was highly related with America's economic prosperity: The bounty of the American economy, the fluidity of American society, the remarkable unity of the American people, and, most...
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