1. What were the main causes of the Great Depression? How are these causes similar to or different from the causes of our most recent economic downturn?
2. Who is responsible for the Great Depression? What role was played by banks, corporations, consumers, farmers, the federal reserve bank, and the federal government? Who is responsible for the most current economic downturn? Why?
3. What responsibility does the federal government have in regulating the economy and preventing economic disaster? Is federal regulation of the economy good or bad overall?
4. A great man (Dr. Jim Butkewicz) once said that some people argue that the Fed makes the "booms boomier and the busts bustier....." DO you believe this to be true? Why or why not?
5. Can we blame the President of the United States for poor economic performance? Can we give the president credit when the economy performs well?
Tuesday, February 23, 2010
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