After Watching Both Videos, Write A One-Page Paper On ✓ Solved

After watching both video's, write a one-page paper on

We will watch two short video clips in class together. After watching both videos, write a one-page paper on why government regulations/regulatory agencies have increased since 1950. After writing your paper, submit your document in Canvas for grading. Add a works cited page to your paper.

Paper For Above Instructions

Since the mid-20th century, the landscape of government regulation has undergone profound transformations, resulting in a significant increase in government regulations and the establishment of regulatory agencies. The post-1950 era, characterized by rapid economic growth, technological advancements, and social upheavals, has necessitated government intervention to regulate various industries and protect public interests. This essay highlights the key factors contributing to the rise of government regulations and regulatory agencies since 1950.

Economic Growth and Industrial Expansion

The post-World War II economic boom marked an era of unprecedented industrial expansion and consumer growth in the United States. As industries proliferated, adverse effects such as pollution and worker exploitation became increasingly evident. In response to these challenges, the government enacted regulations aimed at ensuring safe practices within industries and protecting the environment. The establishment of the Environmental Protection Agency (EPA) in 1970 exemplified the government's commitment to safeguarding public health and the environment amid burgeoning industrial activities.

Public Health and Safety Concerns

The 1960s and 1970s were marked by significant public health crises, which escalated calls for government intervention. Events such as the Thalidomide tragedy, which resulted in severe birth defects, and the widespread use of pesticides like DDT sparked public outcry and increased awareness regarding consumer safety. Consequently, policymakers recognized the need for strengthened regulatory frameworks to protect citizens from harmful products and practices. The Food and Drug Administration (FDA) expanded its authority and rigorously regulated the pharmaceutical and food industries to ensure consumer safety.

Social Movements and Advocacy

The rise of social movements, particularly during the Civil Rights and environmental movements, played an instrumental role in advocating for increased regulation. Activists pushed for laws and policies addressing various societal concerns, including racial and gender equality, environmental sustainability, and corporate responsibility. For instance, the Clean Air Act of 1970 and the Clean Water Act of 1972 were direct outcomes of environmental activism, reflecting a growing public demand for governmental regulation to address pressing issues. These movements underscored the importance of government regulations in ensuring a more equitable and just society.

Globalization and Economic Competition

As globalization reshaped the economic landscape, the need for regulation became increasingly apparent to maintain fair competition and protect domestic industries. The emergence of multinational corporations prompted concern over labor rights, environmental degradation, and economic inequality. Therefore, governments implemented regulations to level the playing field and safeguard both employees and consumers. This shift necessitated the creation of regulatory agencies to oversee international trade practices and enforce compliance with established standards.

Financial Crises and Economic Stability

The late 20th and early 21st centuries witnessed significant financial crises, which underscored vulnerabilities within the economic system. The Great Recession of 2008, largely attributed to irresponsible lending practices and lack of oversight within the financial sector, resulted in widespread economic turmoil. In response, the government enacted regulations aimed at enhancing financial stability and preventing future crises. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 established new regulatory frameworks to oversee banks and financial institutions, reflecting a proactive approach to safeguarding the economy and protecting consumers.

Technological Advancements and Emerging Industries

The explosion of technology and the rise of the digital economy have also necessitated the implementation of new regulations. Industries such as telecommunications, data privacy, and artificial intelligence have emerged as focal points of regulatory scrutiny. The rapid pace of technological change has prompted concerns regarding user privacy, data security, and ethical considerations surrounding emerging technologies. As a result, regulatory agencies have been established or restructured to address these evolving challenges, ensuring that innovation occurs within a framework that prioritizes public welfare.

Conclusion

In conclusion, the increase in government regulations and regulatory agencies since 1950 can be attributed to a myriad of factors, including economic growth, public health concerns, social movements, globalization, financial crises, and technological advancements. As society continues to evolve, the role of government regulation remains pivotal in addressing the complex challenges that arise. These regulations are essential not only for safeguarding public health and safety but also for ensuring economic stability and promoting social justice. The ongoing dialogue surrounding regulation will undoubtedly shape the future of governance and industry practices as we navigate an increasingly interconnected and dynamic world.

References

• Domhoff, G. William. "Wealth, Income, and Power." Who Rules America? 2020.
• Environmental Protection Agency. "History of the Clean Air Act." Epa.gov, 2021.
• Johnson, Simon, and James Kwak. 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Pantheon Books, 2010.
• Levine, Martin. "The Role of Federal Regulation in Promoting Public Health." The American Journal of Public Health, vol. 108, no. 12, 2018, pp. 1541-1546.
• Miller, Gary J., and Andrew Whitford. "Principal-Agent Problems in Public Administration." Public Administration Review, vol. 65, no. 1, 2005, pp. 63-72.
• Peters, B. Guy. "The Role of Government in the Modern Economy." The Oxford Handbook of Governance, 2012.
• Rosenbaum, Walter A. "Regulatory Politics in the United States." Regulation, Summer 2003, pp. 15-20.
• Schneiderman, David. "The Rise of Regulatory Agencies: A Historical Perspective." Journal of Public Policy, vol. 29, no. 3, 2015, pp. 301-312.
• Stiglitz, Joseph E. The Price of Inequality: How Today's Divided Society Endangers Our Future. W.W. Norton & Company, 2012.
• U.S. Food and Drug Administration. "History of the FDA." Fda.gov, 2020.