Exploring the Politics of the Great Depression

The video explores the impact of the Great Depression on U.S. politics and economy, introducing key political and economic terms. It explains the political spectrum, detailing right-wing and left-wing ideologies, including conservatism, liberalism, socialism, and communism. The video also discusses the historical positioning of Democrats and Republicans and the role of moderates in modern politics.

What significant event solidified the way we discuss politics and the economy today?

• The French Revolution

• The Industrial Revolution

• The Great Depression

• World War I

What is the main economic theory associated with the right side of the political spectrum?

• Classical economics

• Communism

• Socialism

• Keynesian economics

Which term describes someone who believes the government should revert to pre-modern policies with no social services?

• Conservative

• Socialist

• Liberal

• Reactionary

What is the belief of pure capitalism regarding government intervention?

• Minimal government intervention

• Complete government control

• No government intervention

• Government intervention in key sectors

Who is the economic theorist associated with the left side of the political spectrum and Keynesian economics?

• Milton Friedman

• John Maynard Keynes

• Karl Marx

• Adam Smith

What do liberals believe about the government's role in the economy?

• The government should revert to pre-modern policies

• The government should control all major industries

• The government should stay out of the economy

• The government should be more active in the economy

What is the primary goal of communism according to the left side of the political spectrum?

• Government intervention in key sectors

• Minimal government intervention

• Outlawing private property to achieve full equality

• Complete government control of all industries

How do people on the left believe the government should achieve its economic goals?

• Minimal government programs

• No taxes at all

• Higher taxes on the wealthy and businesses

• Lower taxes on the wealthy and businesses

During the Great Depression, where did the Democratic and Republican parties generally fall on the political spectrum?

• Democrats were further right, Republicans further left

• Democrats were further left, Republicans further right

• Both were further to the right

• Both were further to the left

What term describes individuals who see value in both conservative and liberal ideas?

• Reactionary

• Socialist

• Moderate

• Communist