Evaluating the Fine Line of Legalization in America

Open Access
Author:
Miller, Megan
Area of Honors:
Finance
Degree:
Bachelor of Science
Document Type:
Thesis
Thesis Supervisors:
  • James Alan Miles, Thesis Supervisor
  • James Alan Miles, Honors Advisor
  • Michelle Lowry, Faculty Reader
  • Jeffery M Sharp, Faculty Reader
Keywords:
  • legalization
  • fiscal correlation
Abstract:
This thesis investigates the fiscal correlation between our nation’s national deficit and the point when specific activities and products become legalized for consumption. The purpose of this research was to investigate specifically the effects of the deficit currently incurred by the state of California and its consequences on the economic state of the nation. This paper also investigates the historical data and fiscal points at which previously illicit acts became legal in America, particularly the repeal of Prohibition and modifications to laws governing gambling in our nation. The analysis weighs the pros and cons of such cases of legalization and seeks to demonstrate that our national government heavily considers the economic state of the country when modifying legislation, in addition to our ever-changing social culture.