According to the readings and class discussion, which of the following was NOT a part of FDR's New Deal policies during the Great Depression? FDR tried to raise prices for farmers by destroying millions of farm animals and burying them rather than giving the meat to the poor One fellow was put in jail for three months for charging $0.35 to press a pair of pants rather than the $0.40 per pair mandated by the code which applied to dry cleaners. OFDR effectively limited the ability of companies to compete on the basis of price by setting industry-wide prices for goods and services through the various codes he issued. This tended to help the big established companies and hurt the smaller companies who wanted a bigger share of their markets. By executive order the President doubled all wages (phases in over 4 years) being paid to employees around the country. The NRA attempted to micro-manage hundreds of industries through detailed codes implemented through the President's executive orders which dictated such things as prices, wages, details of production, etc. According to the readings and class discussion, which of the following was NOT a part of FDR's tax policies during the Great Depression? At one point during FDR's administration, the highest marginal federal income tax rate was 94% FDR tried to implement a 100% income tax rates on individual incomes over $25.000 per year. Congress blocked that attempted implementation, O A 20% penalty tax was imposed on all companies who refused to sign up to the aplicable NRA codes that applied to their industries. OFDR implemented an accumulated earnings tax on corporations. If they did not distribute out their accumulations of already taxed income to their shareholders as taxable dividend income, the government would effectively confiscate another portion of it directly from the corporations Companies were not able to carry back or carry forward losses from a particular year to other profitable years. Thus during good times, the federal government took a huge portion of the profits through taxes, but in loss years, businesses were forced to absorb 100% of them without any help from the government. Which of the following is FALSE? The United States operated under the Articles of Confederation during the Revolutionary War and for several years thereafter According to the 10th Amendment, silence in the U.S. Constitution about the delegation of a specific government power means that the federal government does not have that particular government power. The most famous American document that exemplines the natural law theory is our Declaration of Independence The principal fear of the Anti-federalists was that the U.S. Constitution would create too strong of a central government. In the minds of the founding generation, the word "federalism' meant that all significant government power resides in the federal government. Which of the following is FALSE? In a question like this, the teacher will never mix up who said something nor will he subtly add or subtract a word or two to change the basic meaning of the quotation. Your only job here is simply to identify the quotation that did not appear in your readings. If you didn't read, good luck guessing. The economist Milton Friedman said: "The free market is the only mechanism that has ever been discovered for achieving participatory democracy." The economist Frederick Hayek said: "We have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past." O Milton Friedman said: "A society that puts equality in the sense of equality of outcome-ahead of freedom will end up with neither equality nor freedom. The use of force to achieve Ithis type of equality will destroy freedom and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests. The 1930's columnist Stan Russell said: "Regardless of whether one thinks the various New Deal policies helped or hurt the economy, they were all sufficiently justed on moral grounds In 1935 Albert J. Nock said: "The present paralysis in production is due to state intervention and uncertainty concerning further intervention According to the readings and class discussion, which of the following was NOT a part of FDR's New Deal policies during the Great Depression? FDR tried to raise prices for farmers by destroying millions of farm animals and burying them rather than giving the meat to the poor One fellow was put in jail for three months for charging $0.35 to press a pair of pants rather than the $0.40 per pair mandated by the code which applied to dry cleaners. OFDR effectively limited the ability of companies to compete on the basis of price by setting industry-wide prices for goods and services through the various codes he issued. This tended to help the big established companies and hurt the smaller companies who wanted a bigger share of their markets. By executive order the President doubled all wages (phases in over 4 years) being paid to employees around the country. The NRA attempted to micro-manage hundreds of industries through detailed codes implemented through the President's executive orders which dictated such things as prices, wages, details of production, etc. According to the readings and class discussion, which of the following was NOT a part of FDR's tax policies during the Great Depression? At one point during FDR's administration, the highest marginal federal income tax rate was 94% FDR tried to implement a 100% income tax rates on individual incomes over $25.000 per year. Congress blocked that attempted implementation, O A 20% penalty tax was imposed on all companies who refused to sign up to the aplicable NRA codes that applied to their industries. OFDR implemented an accumulated earnings tax on corporations. If they did not distribute out their accumulations of already taxed income to their shareholders as taxable dividend income, the government would effectively confiscate another portion of it directly from the corporations Companies were not able to carry back or carry forward losses from a particular year to other profitable years. Thus during good times, the federal government took a huge portion of the profits through taxes, but in loss years, businesses were forced to absorb 100% of them without any help from the government. Which of the following is FALSE? The United States operated under the Articles of Confederation during the Revolutionary War and for several years thereafter According to the 10th Amendment, silence in the U.S. Constitution about the delegation of a specific government power means that the federal government does not have that particular government power. The most famous American document that exemplines the natural law theory is our Declaration of Independence The principal fear of the Anti-federalists was that the U.S. Constitution would create too strong of a central government. In the minds of the founding generation, the word "federalism' meant that all significant government power resides in the federal government. Which of the following is FALSE? In a question like this, the teacher will never mix up who said something nor will he subtly add or subtract a word or two to change the basic meaning of the quotation. Your only job here is simply to identify the quotation that did not appear in your readings. If you didn't read, good luck guessing. The economist Milton Friedman said: "The free market is the only mechanism that has ever been discovered for achieving participatory democracy." The economist Frederick Hayek said: "We have progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past." O Milton Friedman said: "A society that puts equality in the sense of equality of outcome-ahead of freedom will end up with neither equality nor freedom. The use of force to achieve Ithis type of equality will destroy freedom and the force, introduced for good purposes, will end up in the hands of people who use it to promote their own interests. The 1930's columnist Stan Russell said: "Regardless of whether one thinks the various New Deal policies helped or hurt the economy, they were all sufficiently justed on moral grounds In 1935 Albert J. Nock said: "The present paralysis in production is due to state intervention and uncertainty concerning further intervention