Here is information that you could use to argue either side of this debate.
Agree
- One could argue that Harry Truman played a significant role in the Red Scare due to his speech to Congress regarding the Truman Doctrine. In this speech, he asks Congress to give financial assistance to countries like Greece and Turkey. He discusses how the fate of these countries, and other ones all over Europe, rest in the fate of the US. If the US does not help these countries, communism can take over. This could lead to repression and hard economic times for millions of people.
Disagree
- Even though he created the Truman Doctrine, Truman did not scare up nearly as much fear as Joe McCarthy. McCarthy accused hundreds of people of being communist, played a significant role in the growth of the House Un-American Activities Committee, and used fear tactics to scare individuals. Truman was not nearly as extreme in his fight against domestic communism.
Restrict voting--use of Literacy Tests and the Grandfather Clause
Labor contracts--keep former slaves in the fields to continue plantation labor
Maintain social hierarchy--punished those who paid blacks more for work as well as laws to control where blacks could live.
The Black Codes were a way to maintain social, political, and economic hierarchy with whites on top while moving from a slave system.
Prior to investing you should...
Draw a personal financial roadmap.
Evaluate your comfort zone and the risks you are taking.
Consider an appropiate mix of investments
Be careful of investing heavily in shares of employer's stock or any individual stock.
Create and maintain an emergency fund.
Pay off high interest credit card debt.
Consider dollar cost averaging.
Take advantage of free money from employer.
Consider rebalancing portfolio ocassionally.
Avoid circumstances that can lead to fraud.
