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Interventionism

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Lesson

Interventionism is the government stepping in to regulate a capitalistic economy.

Outline

Social Ethics

Part 6
 

VI. Interventionism

A. Definition of Interventionism

B. The Great Depression

1. Blamed on capitalism

2. Four basic myths

a. Instability of free-market economies

b. Unbridled capitalism in 1929

c. Herbert Hoover was a champion of capitalism.

d. Roosevelt's interventionism solved the Depression.

C. Social Security

D. Alternative to Social Security

E. Two basic reasons for poverty

1. External reasons

2. Internal reasons