In: Economics
What were the major characteristics of liberalism by 1939?
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.