Laissez-faire: An economic philosophy advocating minimal government intervention in the market; dominant in the 1920s U.S. economy, emphasizing free enterprise and individual initiative.
The New Deal: A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in response to the Great Depression, aimed at economic recovery and social welfare.
Welfare State: A government system that provides social safety nets such as social security, unemployment benefits, and public works to support vulnerable populations and promote economic stability.
Social Security Act (1935): Landmark legislation establishing unemployment insurance, old-age pensions, and aid to disabled and dependent children, forming the foundation of the American welfare system.
1. What does the emergence of the modern Democratic Party primarily represent?
2. Which legislation, enacted in 1935, established the foundation of the American welfare system by creating social insurance programs?
3. What was the primary role or purpose of the New Deal policies implemented by Franklin D. Roosevelt?
Emergence of Modern Democratic Party — key shift?
Shift to active government intervention and social welfare.
Great Depression Impact — main effect?
Led to increased government role in economy and society.
New Deal Policies — primary goal?
Economic recovery and social welfare expansion.
Social Security System — foundation?
Provides social insurance like pensions and unemployment benefits.
Fiscal Reforms — focus?
Taxing the wealthy to fund social programs.
Labor Rights — key legislation?
Wagner Act protected union rights and collective bargaining.
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