Compare and contrast Herbert Hoover's economic policies with those of Essay

Compare and contrast Herbert Hoover's economic policies with those of Franklin Roosevelt - Essay Example aissez-faire attitude was due to beliefs that: the government should not be entirely responsible to the well-being of the people; and the government is incapable of regulating and controlling businesses.3 Hoover’s beliefs were partly due to the belief that the economy would be able to bounce back after several setbacks just like before, but these were unable to explain why decreases in costs of production did not allow the fall of prices and subsequent economic growth, and Hoovers’ policies on letting the market forces, private sector as well as the Federal Reserve to drive the economy was unable to stimulate employment.4 The downward economic spiral was aggravated further by the declining federal revenues, relying on the gold standard when it was already abandoned by other countries, and declining to spend and providing federal relief to people and wholly relying on local government and charity. Franklin Roosevelt also had to deal with some similar setbacks such as dealing with deflation, preventing wages and prices from falling further to maintain the incomes of workers and employers as well as restoring the reliability of the banking system.5 Some of the New Deal programs were effective in stimulating spending and eventually raising the levels of commerce among the people. Roosevelt’s experimentalist views were able to push through some policies that Hoover might have not even thought of, such as expanding the role of the government in the business and economic sectors, departure from the gold standard, aiming to increase industrial and farm price levels, and the provision for income redistribution, which became the Social Security legislation.6However, while being effective in reviving the economy, some of the programs in the New Deal policy were counterproductive in some strategies. The employment of people by the government kept them earning, and the increase in wages may have increased the spending of the workforce, but the tax increase compelled some

Case Study Denver International Airport (DIA) Example | Topics and Well Written Essays - 2000 words

Denver International Airport (DIA) - Case Study Example Such changes may also delay completion of a project and inflate involved costs. This paper summarizes a case study on Denver International Airport in which the original plan that was formulated without incorporating stakeholders’ interest and ideas led to subsequent reviews of developed plan and consequences on the stakeholders. The paper also discusses relevant topics to the case and possible incorporation of the topics’ concepts into the case. Summary of the case The case involves a decision that was made for construction of the Denver International Airport and the involved consequences on the construction process and stakeholders to the decision. The decision followed increasing demand for services in the city and the construction offered benefits to both Denver and the Federal Aviation Administration that recognized the poor condition of the then city’s airport and its vulnerability to bad weather conditions. Original plans were developed and implementation b egan without incorporation of airlines that preferred operations from the then existing airport. The airlines alienated themselves from the plans because they were opposed to the project but sought involvement after noting that the project was bound for implementation. Such an entry prompted changes such as alteration of baggage handling system with a resultant delay in the official opening of the airport. Major issues in the case are development of the project’s strategic plan, financing of the plan and implementation of the plan. Strategic planning The Denver International Airport project was realistic because of the need that it offered to meet in the city’s air transport. The city is geographically away from other cities and air transport is the most suitable means. Denver also needed expansion in air transport facilities because of demand that was projected to increase and could undermine the then Stapleton Airport and its backup at Front Range Airport. Expansion of the airport further offered investment opportunities from international airlines and its strategic location for international flights enhanced its potentials. The project’s strengths included modern design and layout, optimization potentials, expansion potentials, support from the city, FAA and United Airlines, and high borrowing potential. Other strengths include environmental conservation and easy traffic control. Major weaknesses for the project were long distance from other cities, reliance on borrowed capital, high costs, lack of close industrial packs and possibility of unavailability qualities labor. Major opportunities were growth probability, creation of employment opportunities, commitment from cargo carriers, facilitated investments in the surrounding and development of a centre for air transport while identifiable weaknesses included poor passenger flow, high maintenance costs unhealthy competitions among airlines and competition from Front Range Airport. The D enver city, Denver International Airport management, airlines, and the Federal Aviation Administration were the stakeholders to the in the case. The United Airline did not support the plan until its realization was eminent and United Airline opposed the plan to expand Front Range Airport because the government’s involvement would liberalize operations and disadvantage high cost carriers. The airlines’