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role of government before the depression role of government after the d…

Question

role of government before the depression
role of government after the depression
balance federal budget
conservative
decrease unemployment
direct govt relief
federal deficit spending is ok
govt guaranteed right to
economic security
increase business profits
increase consumer spending
laissez faire
less govt regulation
liberal
more govt regulation
help from govt charter
rigged speculation
welfare state

Explanation:

Brief Explanations

First, categorize each idea based on pre-Great Depression (laissez-faire, conservative, limited government) and post-Great Depression (expanded government, liberal, Keynesian-style intervention) views, plus overlapping economic goals.

  1. Role of Government BEFORE the Depression (only left circle): These reflect the pre-Depression laissez-faire, conservative approach with limited government:
  • balance federal budget
  • conservative
  • decrease unemployment
  • direct gov't relief
  • more gov't regulation (correction: no, pre-Depression had less regulation; this is post. Pre has: rugged individualism, relief from private charities, laissez faire, less gov't regulation, liberal? No, pre is conservative. Correct pre: balance federal budget, conservative, decrease unemployment (via private sector), direct gov't relief (minimal, private instead), rugged individualism, relief from private charities, laissez faire, less gov't regulation.
  1. Overlap (middle section): Shared economic goals regardless of era:
  • increase consumer spending
  • increase business profits
  1. Role of Government AFTER the Depression (only right circle): These reflect the New Deal-era expanded government, liberal approach:
  • federal deficit spending is ok
  • gov't guaranteed right to economic security
  • more gov't regulation
  • welfare stat
  • liberal

Answer:

Role of Government BEFORE the Depression (Left Circle Only):
  • balance federal budget
  • conservative
  • decrease unemployment (via private market)
  • rugged individualism
  • relief from private charities
  • laissez faire
  • less gov't regulation
  • direct gov't relief (minimal, private-focused)
Overlap (Middle Shared Section):
  • increase consumer spending
  • increase business profits
Role of Government AFTER the Depression (Right Circle Only):
  • federal deficit spending is ok
  • gov't guaranteed right to economic security
  • more gov't regulation
  • welfare state
  • liberal