Redistibution of Wealth Essay

This essay has a total of 514 words and 3 pages.

Redistibution of Wealth

Ali Price
Mr. Griffiths
AP. US. History II
22, March 2005
Redistribution Of Wealth

October 1929 the United States of America went into a state of great depression. Millions
of Americans lost their jobs, their homes and went deeply in debt. The reasons for the
great depression were the over production of goods, higher tariffs, over speculation of
the stock market, unregulated banking and the misdistribution of wealth. The president of
the time Franklin Delano Roosevelt enacted a solution called The New Deal. This plan
included emergency measures for industrial recovery, agricultural recovery and short-term
emergency relief of the jobless. Huey Long a senator from Louisiana was the biggest
opposition to Roosevelt. Long proposed taxing the rich to give to the poor. The government
should not use its taxing power to redistribute the wealth in America.

Huey Long's plan of reform bordered on socialism. He proposed that every family have the
reasonable comforts of life up to 5,000,000 dollars. All family fortunes should be between
1,500,000 and 5,000,000. The yearly income should be no less then 2,000. Long wanted to
regulate working hours, and provide pensions for people over 60. Huey planned on paying
the veterans of wars and provide equal and free education. Finally Huey Long wanted to
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