Podcast
Questions and Answers
What did the Wall Street Crash reveal about laissez-faire economics?
What did the Wall Street Crash reveal about laissez-faire economics?
- Its ability to ensure equitable opportunities
- Its limitations in preventing economic collapse (correct)
- Its success in preventing widespread unemployment
- Its effective management of economic crises
What impact did the Great Depression have on confidence in capitalist models?
What impact did the Great Depression have on confidence in capitalist models?
- Profound doubts about their effectiveness and stability (correct)
- Confirmation of their equitable opportunities
- Renewed trust in unregulated capitalism
- Increased confidence in their ability to provide stability
What effect did the economic distress of the Great Depression have on democratic governments?
What effect did the economic distress of the Great Depression have on democratic governments?
- Enhanced trust in their ability to provide effective solutions
- Demonstrated their immunity to criticism
- Confirmed their success in preventing economic downturns
- Raised skepticism about their capacity to manage severe economic crises (correct)
What vulnerability of laissez-faire economics did the Wall Street Crash expose?
What vulnerability of laissez-faire economics did the Wall Street Crash expose?
What was one of the consequences of the failure of capitalism?
What was one of the consequences of the failure of capitalism?
What did the Glass-Steagall Act aim to achieve?
What did the Glass-Steagall Act aim to achieve?
What was the purpose of social security programs introduced during the reforms?
What was the purpose of social security programs introduced during the reforms?
What did the Great Depression prompt in terms of economic policies and government intervention?
What did the Great Depression prompt in terms of economic policies and government intervention?
What did the failure of capitalism lead to in terms of the global discourse on economic governance?
What did the failure of capitalism lead to in terms of the global discourse on economic governance?
What was the aim of labor protections introduced during the reforms?
What was the aim of labor protections introduced during the reforms?
What did the crisis lead to in terms of the role of government in regulating markets?
What did the crisis lead to in terms of the role of government in regulating markets?
What was the legacy of the Great Depression in relation to economic policies?
What was the legacy of the Great Depression in relation to economic policies?
