Much of the business of the U.S. Congress in the post war period has involved issues concerning the size and scope of activities of the federal government. The legislation in this area can be traced, for the most part, to measures which originated during the period of the New Deal in response to the Great Depression and to measures enacted during World War II to meet the short-run exigencies attendant to rapid economic and social mobilization. From the point of view of the expansion of the federal role, the Eisenhower years are of some moment. While they marked a lull in the expansionist trend witnessed under the Democratic presidencies of Roosevelt and Truman, their significance lies in the fact that despite the change in adminsitrations, there was no reversal of the policies begun during the Roosevelt years. While most of the Republican legislators were on record in opposition to the expansion of the federal role, the failure of the Republican Party to introduce and enact legislation to reverse the trend of federal expansion resulted in a new plateau of federal activity from which the congressional dialogue was to proceed during the Kennedy and Johnson Administrations.While the 87th Congress, meeting during Kennedy's first two years in the White House, did not enact the quantity of legislation expanding the federal role that Kennedy had called for in his inaugural, In the 88th Congress both parties supported a larger federal role to a greater extent than they had previously. In fact the first sessions of the 88th Congress as it bears on the federal role has been summed up as follows: “At no time did the majority of both parties reject a larger federal role.” (Congressional Quarterly Almanac, 1963, p. 724) With two exceptions, the statement holds true for the second session in 1964.
A Brief Postwar History of U.S. Consumer Finance
