Questions for 3/10

1. What social effects arise out of bad economic conditions? Which of these are good and which are bad? What can the government or private organizations do to alleviate some of these effects?

2. In an economic crisis, should people seek help from the government, private industry, or charitable organizations? Why? If the government has a responsibility to interfere in the economy, is it the responsibility of the state or national government? WHy?

3. Can the government and/or the federal reserve prevent economic disaster? If so, why haven't they gotten it right so far?

4. Who is to blame for the Great Depression? Why?