Question

In: Psychology

1. Explain why times of economic distress caused classical liberalism to fall out of favor.

1. Explain why times of economic distress caused classical liberalism to fall out of favor.

Solutions

Expert Solution

Classical Liberalism is a political ideology , consisting of civil liberties and rights, under the rule of law putting more emphasis on economic freedom.

There were few greivances that was described by the Founding fathers against the british crown . There were restrictions placed on the development of trade and industry within the british colonies and regulations of foreign commerce ; the taxation system was based without representation. A large number of government bureaucrats entering into the personal and daily affairs of the colonists. Morevover adding to the point is , violating the basic civil freedom and liberties of the people.

The major reason of concern for disentment and anger is that the majority of american colonists regarded themselves to be british by birth . Whereas , on the other hand the britihs king and his parliament were denying on what was considered to be their birthright .


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