HIST 121 Study Guide - Final Guide: Reinhold Niebuhr, Parliamentary Procedure, Malinvestment
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Introduction (cid:862)de(cid:373)o(cid:272)ra(cid:272)(cid:455) is the (cid:449)orst for(cid:373) of go(cid:448)t e(cid:454)(cid:272)ept for all the rest. (cid:863) churchill, 1947. A divided idea- we are all liberals but in different ways through different perspectives. Challenges of liberalism (last few lectures: liberalism challenged, ww1 a(cid:374)d the (cid:862)war ma(cid:272)hi(cid:374)e(cid:863) (cid:894)post-war and interwar period, the ideological challenge of communism. Communism and fascism offered this beautiful ending, liberalism did not it was failing as an ideology: the cold war. Free (cid:373)arket (cid:374)o(cid:449) dead (cid:894)i(cid:374) ada(cid:373) (cid:373)ith"s se(cid:374)se(cid:895) (cid:862)the ge(cid:374)eral theor(cid:455) of e(cid:373)plo(cid:455)(cid:373)e(cid:374)t, i(cid:374)(cid:448)est(cid:373)e(cid:374)t, a(cid:374)d mo(cid:374)e(cid:455)(cid:863) I(cid:374)stead of rel(cid:455)i(cid:374)g o(cid:374) the (cid:862)i(cid:374)(cid:448)isi(cid:271)le ha(cid:374)d,(cid:863) (cid:449)e (cid:374)eed to (cid:272)o(cid:374)trol the e(cid:272)o(cid:374)o(cid:373)(cid:455) oursel(cid:448)es through collective effort. Preserve capitalism by regulating capitalism i. e. great depression high unemployment: e(cid:454)a(cid:373)ple of (cid:449)here state i(cid:374)ter(cid:448)e(cid:374)tio(cid:374) (cid:272)ould"(cid:448)e helped. It was evident that any increase in govt spending boosts up economy and economic growth. Saw war reparations as opportunity for employment and investment (he was right)
