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Two Types Of Ideologies In The United States

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Two Types Of Ideologies In The United States
There are two types of ideologies in economy; i.e., mixed/progressive economy and conservative/Randian thinking ideology. Like in other advanced democratic countries, the U.S. also has what economists call mixed economy. In a mixed economy, the public and private sector contribute to the growth of the economy. In a progressive ideology, the government makes contracts with arms dealerships which allows them to get new weapons for the soldiers or police. A mixed economy is able to create new jobs for people, which increase social security and taxes. Through taxes the government is able to create highways and other projects. On the other hand, the people prefer the conservative ideology because they have the freedom to do whatever they want …show more content…
When the G.I. Bill got passed, it allowed U.S. soldiers to fight in a war and come back to get an education for free. Due to this bill, many people began wanting to fight in the war because of free tuitions in college. Some of the money went to building projects to help improve a place. President Wilson established the Federal Reserve Act, was a way to make sure that the economy would be stable by introducing the Central Bank. By passing this act, it will be able to fix the United States economic problems if things do go wrong. While, Ayn Rand is a supporter of Randian thinking, she was an author of a book and wrote about how the government should have a less role in the economy. She wanted to lower taxes and cut government spending. Ayn believed that the government should have less involvement with the economy. She believes that the people should have the freedom to do whatever they want to do with their money. Another person that followed Randian thinking was President Reagan. He too believed that the people should have the freedom to do whatever they want. He also believed that the government should have less participation in the

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