Assignment:
Commanding Heights: Battle for the World Economy
Questions:
1. What happened in Europe at 1910? How many people died in WWI?
2. After the Russian Revolution in 1917, what was Lenin's economic policy?
3. What was the reason for John Maynard Keynes' resignation after WWI?
4. How did the economic disaster occurunder Lenin's watch? What was Lenin's solution to the economic hardship?
5. Ludwig von Mises and Friedrich von Hayek were two of the most influential Austrian schooleconomists.What was the prediction of von Mises on Soviet economy? Did he make the right prediction?
6. How did hyperinflation occur in Germanyin 1923?What was one important reason for Hitler's success? What did Hitler bring to Germany?
7. How didthe stock market perform in the United Statesduringthe 1920s?
8. What happened on Oct 21, 1929? What did it bring to the American people?
9. What was the relationship between economic collapse in 1931 and the appeal of communism / socialismin Europe?
10. How did President Franklin D. Roosevelt react to the crisis? What weresome of his programs during the hardship?
11. What was John Maynard Keynes's idea for economic recovery?
12. As a young Keynesian, John Kenneth Galbraith[he is one of the theorists we will cover in our textbook] brought Keynes to the United States. Note the intellectual kinship between Galbraith and Keynes.
13. Can you name two influential economists in the video who happen to be classified the Chicago school of economics? [Note that they are the mainstream economists we criticize in our Intro to PE class]
14. "Too much government planning brings too much government power. Too much government control of economy destroys freedom, and makes men slaves."Whose idea was this?
15. World War II happened after the Russians established its socialist economy. How did the Russians fare during WWII?
16. Who were among the guests to Hayek's economic debate in 1947? Why did von Mises storm out of the room?
17. How did the German black marketdisappear and the economic miracles begin?
18. Why did India adopt socialist economy upon its independence?
19. What do you think were the reasons for Churchill's electoral defeat in 1946?
20. What was the main point of John F Kennedy's speech in Yale University?
21. What was John Maynard Keynes's influence on American economy?
22. What did Friedrich von Hayek feel depressed in Austria in 1970?
23. What happened in the USA 1971?
24. What were the problems in Britain in 1973? What were the common problems between the UK and the US?
25. What did Keith Joseph do? What was the influence of his speech in University?
26. Who won the noble prize in Stockholm in 1974? What did the event signify of the new wind?
27. What did Margaret Thatcher do for British economy?