Across
- 2. the election of this president brought relief to Americans during the 2008 crisis, increased taxes on wealthier Americans to reform the health care funding, and decrease income inequality.
- 3. believed inflation was a primary result of excess money produced in banks, and that the extra amounts of money would encourage consumer spending resulting in higher inflation, believed the free market was the only way to balance supply and demand in an economy.
- 4. Programs to benefit citizens such as education, health care, and income support.
- 7. Thatcher: attempted to reduce government involvement and increase economic freedom, classical liberal principles. Took a hardline against labor unions.
- 10. advocated for more government involvement in the economy, argued that governments should control inflation and stimulate the economy by lowering interest rates and taxes and increase government spending.
- 11. Gap of wealth between different populations.
- 12. First credit cooperative and savings established in North America. Founded in 1900 in Levis, Quebec, now the largest federation of credit unions in North America.
- 13. Complete ownership of a company that allows for control of price and significant market power.
- 15. The government uses policies that modify market forces to ensure economic stability in its citizens.
- 17. The three ideas of his presidential platform were isolationism, nativism, and reduction of government involvement.
- 20. Had a middle-ground approach between conservatism and labor, attempted to balance individualistic values and collective values by integrating monetarism and Keynesian economics. During leadership, the government increased public spending on health care and education.
Down
- 1. During this president’s term, he continued to integrate Harding’s ideas, also his laissez-faire stance is reflected in the classical liberal economic policies.
- 5. The buying of goods, promotion of the interests of consumers.
- 6. This US president Introduced the New Deal to Americans, although growing up wealthy he believed it was his responsibility to help the less fortunate through government intervention.
- 8. Also known as supply-side economics, where the government reduces income, business taxes, and reduced regulation and increases spending on military. The goal is is that everyone will be positively affected if the industry prospers.
- 9. was elected on progressive principles and promised a reduction of tariffs.
- 14. was elected on progressive principles and promised a reduction of tariffs.
- 16. Premier who passed the Padlock Law to suppress communist activities in Quebec, also intervened in the economy to undertake public work projects and opposed many social programs to keep taxes low.
- 18. Increase of price on consumer goods, interest rates and cost of labor.
- 19. Highly influenced by Friedmans’ theories, wanted less government involvement, reduced income, and business taxes and increased military budget, this policy is known as trickle-down economics.