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Rehabilitating McCarthyism Rehabilitating McCarthyism Rehabilitating McCarthyism FOR ALMOST fifty years, the words “McCarthy” and “McCarthyism” have stood for a shameful period in American political history. During this period, thousands of people lost their jobs and hundreds were sent to prison. The U.S. government executed Julius and Ethel Rosenberg, two Communist Party (CP) members, as Russian.