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The Evolution of Modern Liberalism Flashcards | StudBud
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The Evolution of Modern Liberalism
The Evolution of Modern Liberalism
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Discussion of Social 30 #liberalism #classical liberalism and #evolution of liberalism
Flashcards
19 cards
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Questions
19
Answers
1
What does Britain's
postwar consensus
refer to?
A series of governments that fought in the World Wars
Governments who disagreed on each other's policies
The creation of the National Insurance Act
successive governments that made/sustained the welfare state
2
The practice of controlling the supply of money as a means to stabilize the economy is called:
Inflation control
Keynesian Economics
Reaganomics
Monetarism
3
Which is not an example of Henry Ford's use of welfare capitalism in business?
Creating a happy work force that enjoyed their jobs
A minimum wage for his employees
Decreasing the work week to 40 hours
Providing free automobiles to his employees
4
Because of the economic boom in North America during the 1920's it is sometimes referred to as:
The Booming Decade
The Great Depression
The Roaring 20's
Economic Prosperity
5
Credit Unions were established to help individuals. Which was not a key to their success?
Offered higher interest rates
Offered better lending rates
Offered lower fees
More willing to provide financing
6
Nativism-promotion of policies favoring existing dominant culture in a region. Which President?
Harding
Coolidge
Taft
Roosevelt
7
What led to the Great Depression?
Massive droughts and agricultural collapse
The stock market crash of 1929
Over-production of products on the American market
Increased tariffs on American made goods
8
What is the term that explains when a recession and high inflation occurr simultaneously?
Stagflation
Stagnation
Indignation
Inflation
9
Pres Roosevelt passed reforms that gave middle-class Americans equal opportunities. We call it:
Square Deal
Progressivism
The Fair Opportunity Act
Monopoly
10
A retreat from involvement in other countries' affairs especially European countries - defines:
Isolationism
Nativism
Integration
Idolatryism
11
Programs that affect human welfare in a society. Benefit citizens. Ex: education, health care
Social Sciences
Socialism
Welfare State
Social Programs
12
How did Canadian governments create or strengthen social programs following WW II?
The Atomic Energy of Canada LImited
Canadian Radio and Television Commission
Canada Pension Plan
Universal Health Care
13
Consumer spending; a preoccupation with consumer goods and how to get them. This defines:
Consumer Spending
Consumerism
Laissez Faire economics
Consumer Wealth
14
The exclusive ownership or control of trade in a particular good or service
Inflation
Monopoly
Economic Freedom
Economic Power
15
What was so different about Roosevelt's New Deal?
Inflation was controlled
Most involvement/intervention the US gov't had in economy
Social programs were established
Showed that Rights and Freedoms extended to all Americans
16
What was the name of president Taft's legislation that broke up monopolies?
The Sherman Anti-Trust Act
The Standard Oil Act
Clayton Act
President Taft's Drafts
17
Gov't policies like reduced income/business tax, less regulation, that should prosper everyone
Self-Interest
Welfare Capitalism
Laissez Faire Economics
Trickle Down Economics
18
an increase in the general price level of products, the cost of labour, and interest rates
Inflation
Taxation
Deflation
Income
19
Calvin Coolidge's business ideas are often considered 'laissez-faire'. What does this mean?
He wanted little government involvement in business
The government and business owners share control of economy
The government encouraged citizens to buy and sell
Personal income tax is illegal
