Question

In: Economics

What were the major characteristics of liberalism by 1939?

What were the major characteristics of liberalism by 1939?

Solutions

Expert Solution

The major characteristics of liberalism by 1939 are:-  

* Expansion of the federal governments

* Liberalism aims to disperse power, to foster diversity and to nurture creativity.

* Liberalism in 1939 had a focus on the general welfare (stemming from the continuing Great Depression),

* No longer was freedom of contract the interpretation of liberty in the constitution.

* price controls and minimum wage standards

* Equality.


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