Commanding Heights are the steel, railroad, and other giant industries in the economy.
When did globalization begin?
- 1910 (Early 20th century)
Why did Hitler rise to power in Germany?
- Economic revival
- Fight against inflation
What was Keynes' first book? (Not General Theory)
- Indian Currency and Finance?
After WWI what was the major economic problem we faced?
- Socialism and communism
- Hyper inflation
- Depressions
- High unemployment
What was Hyatt's problem with Keynesian economics and macroeconomics?
- The Road to Serfdom
- Too much gov't planning leads to too much gov't control, and that leads to less freedom for the people.
- Rejected gov't intervention (even during the depressions)
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