Based from the commanding heights video episode 1 answer the following questions
1) What drives the new global economy according to the video?
2) Who were the two prominent economists during World War II? What did they believe about the nature of economics and the government's role?
a. Keynes
b. Hayek
3) What was the problem with the Treaty of Versailles according to Keynes?
4) What did Hayek believe was the role of the government? What was his opinion of the former Soviet Union?
5) How much of the world experimented with socialism during its height?
6) What is hyperinflation?
7) What characterized Franklin Delanor Roosevelt's governance of the economy? What did he think about capitalism?
8) What did Keynes propose to do with economies that suffered from recession or depression?
9) What was the message of "The Road to Serfdom?"
10) Why did Winston Churchill lose in his run for Prime Minister in England after World War II?
11) In post-war Berlin, what did the price-freezes imposed by the American and British occupiers result in?
12) What is stagnation? Describe its two components?
13) What did Keith Joseph believe? Describe his solution to the problem with the British economy?
14) According to the University of Chicago thinkers, what is the effect of regulation on an economy?
15) What happened when the airlines were deregulated? Who benefited from it?
16) What did Margret Thatcher do to turn around the British economy?
17) What did President Ronal Reagan's tax cuts lead to?
18) What is the down side of a free-market economy as described by the former coal strikers in northern England?
19) What is privatization? Use Thatcher's England as an example.
Please help me
