Importance Modern American History Free Essay Example, 1500 words

The article by Harold L. Cole and Lee E Ohanian also describe how these codes of conduct brought about distortion in the economy by increasing the prices and wages, restricting output and eventually reducing the capacity of production. Though the increased wages did benefit the fortunate few who had jobs in NIRA companies, in the bigger picture it shrunk employment and productive initiatives because the costs in the form of high wages exceeded the growth in productivity. Their article is important as it sheds light on how certain reforms or policies can have a negative effect on a country s economy Carlos Gibson in his article on American Regionalism and the United Nations explains to us about the Monroe Doctrine stating that it was at first a unilateral policy of the United States that was initiated to safeguard America from European encroachment such as Great Britain and France. The Monroe Doctrine upheld the values of freedom, democracy, and peace that reflected the progress of humankind. However, as times changed the Monroe Doctrine held different meanings for different people. Both Great Britain and France were on a campaign to gain economic control over the poorer nations by lending them money with the knowledge that they would not be able to pay it back. We will write a custom essay sample on Importance Modern American History or any topic specifically for you Only $17.96 $11.86/page