The Myth, the Lie, and the Injustice of Socialism: Part 6 - Reform Follows Revolution. Socialism Returns to America!
Editor’s Note: Part 5 of this series is really Part 6, and vice versa. This post was lost in my Spam filter, and that’s why the chronology is a little out of whack. My apologies!
Following the wealth created by the Industrial Revolution, Americans began again to bicker feverishly over both the size and the role of government.
The social progressives wanted reform.
They wanted the government to pass more laws to improve more lives.
The conservatives wanted the government to stay out of the way, and to let business create prosperity.
Mixing socialism and capitalism is like mixing oil and vinegar: It works for a minute when shaken, but when the ingredients settle, one just carries the other.
The free market economy puts real money in the hands of real people, who freely spend that money in the market.
This redistributes wealth and prosperity for all…
The spirit of reformation followed the prosperity of the Industrial Revolution, and new taxes were created to redistribute goods and services to the poor, as well as a new National Bank to run the economy 'fairly.’
The young representative Republic continued to flex its constitutional muscle through Progressive reforms that were, in fact, overreaction to unprecedented economic growth.
This led us into the Progressive Era, and a New Deal for the free market.
The reforms traveled through the system of legislation, and millions did not die.
America was being socialized democratically.
Theodore Roosevelt rose to prominence as a 'Rough Rider' in the Spanish-American War.
Teddy became vice president to Republican President McKinley.
He took the oath of office after McKinley was assassinated by an anarchist... You can't make this stuff up…
President Roosevelt was the first president to put a value on nature in its purest form, as he established national parks and forests.
Although he was a champion to progressives, he did preserve the free market economy by becoming a 'trustbuster'.
Breaking monopolies and keeping competition alive was crucial at this time to the future of the free market.
In 1912, Theodore Roosevelt left the Republican party, and created the Progressive Party to fight for his liberal agenda.
William H Taft was the incumbent Republican, and former vice president to Roosevelt.
Taft, being a staunch conservative, was concerned about Roosevelt's social Progressive agenda, and the Republican Party split.
The election of 1912 showcased a country divided in a four-way split of the two major parties.
Teddy Roosevelt was a cult of personality, as he split the Republican party and siphoned off enough Taft Republicans to hand the victory to Democrat Governor of New Jersey, Woodrow Wilson.
Socialist Eugene V. Debs pulled near a million votes, or six percent, running on a platform of a government-controlled economy.
There always seems to be a small, but dangerously contagious, vocal percentage of people who demonize success, and trust the government.
Wilson supported the progressive agenda, and the personality influence of Theodore Roosevelt.
In 1913, Wilson succeeded in passing a graduated federal income tax to equalize wealth by taxing the rich at a higher rate.
Wilson also signed the Federal Reserve Act, creating a National Bank into law on December 13th, 1913.
The National Bank, or 'Fed' as it's now called, manipulates the economy with government control of interest rates and credit.
The failures of this control mechanism will soon be exposed in this series…
The social Progressive Landslide was halted with the aggression of World War 1.
Socialists vehemently opposed the war, crying that it only benefited the rich, when in fact, they saw their agenda being pushed back because of it.
You can't defend freedom when you're giving it away to Socialism!
America rose up to protect its allies and Europe from the Hun, lest we not forget that the U.S. controlled one-third of the world's manufacturing and economy at this time.
The US launched a pro-war propaganda campaign, and we all now know who Uncle Sam is!
World War I ended in 1918, and the 1920s were ushered in by a Republican President Warren G Harding, who promised a 'return to normalcy.’
The era is one of economic prosperity and of growth for the middle class.
Electricity came to ordinary folks, as did luxury items such as washing machines, movies, radios, and vacuum cleaners.
The automobile changed the very culture, and because of the free-market economy, it was within the reach of every man who had a job.
There were jobs for everyone who was willing to work.
Production equals growth, which produces both higher wages and affordable prices.
Business left to the free market without government overburden led to prosperity for all!
Because of the free market, America has always been the best country to be poor in.
The economy was buzzing, and the American family was growing and thriving, when a new phenomenon was created: Credit.
Stand up America
Up next: The Depression, the Deal, and the Good War.