Should the government bail out the auto industry?

Yes, it's too important to our economy.
No, the government is already broke enough.
Only with strict regulations on how they can spend the money.

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Summaries and Commentaries

Chapter 9: The Heresies of John Maynard Keynes

The Great Crash

The Wall Street Crash of October 1929, when the New York Stock Exchange collapsed after a selling wave in which stock values tumbled in a panic following an all-time high.

The Great Depression

Worldwide depression triggered by the Wall Street Crash. The era extended from 1930-39, with the depths reached in 1933.

The New Deal

Social and economic reforms carried out by President Franklin D. Roosevelt between 1933 and 1939 to combat the Great Depression.

The Hundred Days

The period of remarkable cooperation between President Roosevelt and Congress, beginning with a special session on March 9, 1933, when the basic measures of "Relief, Recovery, and Reform" were enacted into law.

Compulsory Savings

A deferred savings plan by which a government finances a war through a required deduction from all wages to pay for war bonds.


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