Part 1 of Essay
President Franklin D. Roosevelt is commonly thought of as a liberal and President Herbert C. Hoover as a conservative. The validity of these accusations, however, is uncertain. Before classifying each president in the categories of "liberal" and "conservative," it must first be understood what is meant by each term. During ....

Part 2 of Essay
.... of what liberals do. They believe heavily in the free enterprise system (private ownership). Their economics rely on the theory of supply and demand and profit motive. Their lassiez-faire policy was introduced in a book The Wealth of Nations by Adam Smith. This economic policy can be seen directly in the rest of what conservatives believe in. They are resistant to change, being strong believers of traditional values. They thought money should be spent on defense, not social programs. In a nutshell, they want gover ....