The Black Response to the Second Great Compromise in U.S History
There are two great compromises in the history of United States of America, and both involved a great deal of consultations before deals were struck. The compromises meant that all the concerned parties had to drop their hard stands and come to an agreement with the other parties for the sake of the American people. The first great compromise was between the big and small states of the United States to end the representation and the legislative structure issues in 1787. The second one was in 2011 between the two major political platforms; the Democrats and Republicans.
The second great compromise aimed at reviving the fragile U.S. economy. The economy faced a possibility of plunging into the first ever bad debt. The agreement enabled legislation to pay the debt and prevent a negative impact on the economy. The agreement led to a reduction in the losses witnessed earlier in Wall Street and restored the international investors’ trust on the economy.
The agreement further gave power to the U.S. treasury to increase its borrowing up to $900 billion, while reducing the spending by $1.2 trillion. The agreement, however, did not sail smoothly without challenges. The president and his team had their stand, which was different from those of opposition parties. During negotiations, the president dropped his call for more taxes on the rich to supplement the deficit, while the Republicans’ push for “Plan B” failed.
The black population, like other Americans, contributed to ensure success of the second compromise. The president of the day – Barack Obama – played a leading role in this agreement. Among the political leaders, there were also blacks who contributed to the process at various levels during the negotiations. The general response of the blacks, therefore, generally involved support and a welcoming attitude towards the outcome of the agreement.