The readings center on the American economy after World War Il; this time frame, roughly from 1945 to 1973, has been referred to as the "Golden Age" of American capitalism. In regards to this task

1 - How specifically did the US government try to increase labor's purchasing power at this time?

Take into consideration the following passage from the reading by Wolff and Resnick:

"We all have opinions about the causes and

solutions to unemployment, recession, inflation, and poverty... The particular economic theory we employ impacts the conclusions we reach and, in turn, shapes the decisions we make throughout our

lives.

A. Who or what did different individuals and

organizations attribute the Great Depression to?

B. Before the 'New Deal' and FDR, how specifically did President Hoover and other significant political and business leaders respond to the Depression?

Think about the following assertion from the reading by Wolff and Resnick:

We all have opinions about what causes poverty, inflation, recession, and unemployment and how to address them. The precise economic theory we employ affects the conclusions we reach and, in turn, how we will act moving forward.

A. The Great Depression was attributed to a variety

of people and organizations.

B. Prior to the 'New Deal' and FDR, how, specifically, did President Hoover and other significant political and business figures respond to the Depression?

Take into account the following passage from the reading by Wolff and Resnick:

“We all form judgements about the causes of and cures for poverty, inflation, recession, and unemployment... The particular economic theory we use shapes the answers we find convincing, answers that in turn will shape our actions throughout life”

1-Who or what did different individuals and groups attribute the Great Depression to?

2- In the years prior to the "New Deal" and FDR, how, specifically, did President Hoover and other influential political and commercial figures respond to the Depression?