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CityUponAHillCh12p2
City Upon a Hill Chapter 12 Part two
| Question | Answer |
|---|---|
| The Great Depression | Extended recession in the 1930s that led to widespread unemployment, bank failure, and a general downturn in the economy until World War II |
| Franklin Delano Roosevelt | 32nd President of the United States. Served four terms. His exuberant pubic personality helped bolster the nation’s confidence as it struggled through the Depression and then entered World War II |
| New Deal | Plan by FDR involving the creation of various government agencies and programs designed to stimulate the economy and help the U.S. overcome the Great Depression |
| John Maynard Keynes | A British economist whose ideas would influence Roosevelt’s New Deal intervention for the U.S. economy |
| Keynesian Economics | Economic theory in which the economy would regulate itself, but in the case of extreme depression the government would be needed to artificially stimulate demand by increasing spending or cutting taxes |
| Commerce Clause | Constitutional clause that gives Congress the power to regulate certain types of trade, also a justification for the Civil Rights Act of 1964 |
| Monetarists | Supporters of an economic theory emphasizing the role of money supply in an economy |
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jaredririe
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