The Constitutional Right Of Liberty Of Contract, By...

All through time The United States of America and the people running have had the debate regarding â€Å"economic Freedom.† Each President of the United States has handled the situation differently and a lot of that has to do with their parties. The Republican Party has believed that the only way to success is by achieving it, therefore their hard work should reflect towards their economic life and freedom. On the other side of things are the beliefs of the Democrats, their views in favor equal opportunity for the working class. Through time Liberal President, Franklin D. Roosevelt and his â€Å"New Deal† as well as Conservative Republican Ronald Regan and his â€Å"Trickle Down Economics†, have both made the biggest economic impacts regarding the debate. The constitutional right of liberty of contract, mandated by the Supreme Court in the early 20th century, is allowing government to be involved with businesses while benefitting the employees as well. Businesses during that time thought they had the constitutional right to mandate hours, money, and all the other major ideas that made their business stay up and running. Although on the other side the government viewed themselves as having the upper hand in determining how a business should be ran. Its major theme was the right of individuals and corporations to enter into contracts with one another. In essence, it was the backbone of capitalism, and caused the economy to thrive and many individuals and corporations to achieve greatShow MoreRelatedThe Theory Of Liberal Ideology1143 Words   |  5 PagesUnited States of America, and touch on a few other areas of political culture. First off liberalism; liberalism is a way of political worldview by the ideas of liberty and equality. Alt hough in a certain time in our history equality was somewhat of a lie. Slavery, racism, and feminism prove that not every single person on the planet had equal rights. 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