In the text authors' view, "private greed and government impotence commingled to create [an economic] catastrophe" by 1930. Describe the evidence of both private greed and government impotence to which the authors refer
What will be an ideal response?
Private greed is best reflected in the orgy of speculation in the stock market by individuals, corporations, and banks, often on borrowed money.
Government impotence is demonstrated by the indecision of the Federal Reserve Board on monetary policy, the short-sightedness of tariff policy, and the ineffective enforcement of regulatory legislation.
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The Minnesota Populist who saw himself as an authority on Shakespeare, economics, and science was
A) Ignatius Donnelly. B) "Sockless" Jerry Simpson. C) Tom Watson. D) William A. Peffer.
Europe began to regain an economic balance with the United States after
What will be an ideal response?
The Reagan and Bush administrations claimed to support __________
A) the new civil rights law B) the old civil rights law C) affirmative action D) racial quotas
Social Darwinists argued that __________
A) the Egyptians were black B) society had reached its pinnacle C) black people were intellectually inferior D) religion was a sham