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The “classic liberal” believed that the bad farmers with too much debt and bad practices will go out of business and supply and demand will work itself out without government intervention.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
When the government gets involved in the economy, the government is choosing who the winners and losers are.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
The government set “price floors”, a set price for some goods, to protect certain goods (corn in the video) so farmers could still make a __________when supply was high.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
Going into WWII, FD fires all of the “brain trust” and brings in _____________ from the private sector
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
For a company to pay all the employees minimum wage the company has to raise or lower the prices for their goods.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
Often businesses are owned by multiple ___________ and they do not want to lose money.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
The 2nd New Deal expanded or cut many government works programs.
True
True
Businessmen
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raise
New Deal
expanded
Investors
In 1937 FDR was elected to a 2nd term of presidency, and promised a 2nd______________________.
True
True
Businessmen
Profit
raise
New Deal
expanded
Investors
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