Political Economy And Economic Development

political economy

In the 1850s, the problem of slavery took center stage, with disagreement particularly over the query of whether or not slavery must be permitted in the nation’s new territories within the West. The Whig Party straddled the issue and sank to its death after the overwhelming electoral defeat by Franklin Pierce in the 1852 presidential election. Ex-Whigs joined the Know Nothings or the newly shaped Republican Party.

Just six years later, this new get together captured the presidency when Abraham Lincoln gained the election of 1860. By then, parties had been well established because the nation’s dominant political organizations, and get together allegiance had turn into an important part of most people’s consciousness.

As a result, government providers can usually suffer and fall into disrepair. Health care, street repairs, and public transport, for example, may stagnate. The nation or region can become neglected and quality of life can decline.

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