Discuss the recent economic crisis and recession. What happened, and why? Should the government take any steps to prevent this from happening again? If so, what steps? If not, why not?
What will be an ideal response?
An ideal response will:
1, Outline the factors that contributed to the recent financial collapse, including the housing bubble and the investment crisis.
2, Illustrate how these two factors created negative externalities, slowdowns in construction, and losses of jobs that sparked a domino effect that rippled throughout the U.S. economy.
3, Connect how the efforts to deregulate certain sectors of the financial industry, specifically investment banking, created conditions under which banks took higher risks.
4, Lay out a specific course of action that would minimize these effects in the future, including efforts to reregulate the financial and housing sectors, or alternately argue why government should not guarantee against risk.
5, Provide a clear and concise conclusion.
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Which of the following is NOT an important contextual factor in the development of American public policy in the past 10 years?
A. economic uncertainty B. immigration C. the increase in Marxist attitudes in the public D. the increase in conservative attitudes
Who are inspectors general, and what is their function?
What will be an ideal response?
Modernization theory failed in part because
A) community norms upheld tradition too strongly to modernize. B) developed countries extracted all of the profits of modernization. C) environmental conditions proved too challenging for modernization. D) the Great Recession hit and destroyed the world's industrial base. E) there were already lots of developed countries that provided competition.
The limited role that the federal government had with the states was ended by?
a. Lyndon Johnson’s “Great Society” b. Harry Truman and the “Fair Deal” c. Franklin Roosevelt and his “New Deal” d. John Kennedy and his call for the “New Frontier”