11c. Economic Policy

Student
View Resource
Rating:
  • 14
  • 9
  • 4
View Resource
Subject:
Management, Political Science
Provider:
Independence Hall Association
Provider Set:
American Government
Level:
Middle School, High School
Language:
English
Material Type:
Diagram/Illustration, Reading
Media Format:
Graphics/Photos, Text/HTML
Abstract:
Until the 20th century the country abided by the laissez-faire policy, which required a free market with little intervention from government. With the Great Depression came Keynesian economics, or the opposite belief that the government should manage the economy. Today, United States economic policy lies somewhere in between — government should regulate and sometimes manage, but should allow a free market whenever possible. Political and business leaders disagree on how much control is enough.

Comments

*
Jason Long on Oct 30, 02:41am

We need those liberal values back. Your site is "huge". I have my work cut out for the weekend.