👉 Mccarthyism is a concept in politics and social policy that refers to a period of economic stagnation during which the U.S. government implemented policies designed to control inflation, increase productivity, and stimulate job creation. This approach was called "McCarthyism" by President Franklin D. Roosevelt because it was based on the theory that high unemployment would lead to increased prices and higher taxes, which would ultimately hurt the economy. The term is often associated with the Great Depression in the 19