How Did Deregulation Help America

Republican Presidents, Helping or Hurting America? Deregulation is the act or process of removing restrictions and regulations. This is exactly what Republican presidents have been doing to businesses in the United States of America. Today in 1928, the economy is at its absolute highest in history, with people being able to afford almost anything. Deregulation under the Republicans was good for America because it pushed the economy forward, and raised the wealth of americans, but not with some drawbacks. But how exactly did deregulation help America? First of all, deregulation helped push the economy forward. In the early twenties, the Government of the United States created policies for tax cuts on businesses. They also stopped enforcing antitrust laws. This allowed businesses to pay the working class better and use some of the saved money they acquired to improve their manufacturing process. Thus, Making their products cheaper. The help of the new stock market allowed business to not have to take loans out. Instead, they just used the money that people used to buy their stocks. To exemplify
Like I said before, with tax cuts to businesses, the working classes paycheck increased, and allowed businesses to improve their manufacturing such as adding the assembly line to their manufacturing. Since the invention of the assembly line in 1913, prices of mass produced items have declined drastically. With businesses growing, that means more jobs for Americans. In 1921, the unemployment rate dropped twelve percent. In 1923, the unemployment rate was a mere two percent. The stock market also played a big role in the wealth of Americans. Americans that invested in the stock market would give their money to a broker who would invest it in the market for them and take a percentage of the earnings. This was easy money for Americans and made some of them rich quick. As a result, deregulation raised the wealth of