The role of the U.S. government in the nation’s economy has changed over the years. Early in American history, the government tended to follow a "hands-off" approach, preferring to let the market take care of the economy. In the 20th century, however, that attitude changed dramatically, first with the government’s attempts to break up trusts and then with the New Deal’s efforts to combat the effects of the Great Depression. It is a challenge to find a balance between regulations that harm business, and making sure businesses remain accountable for their actions.
- Describe the government’s role in promoting business.
- Summarize the debate over government regulation of the economy.
- Explain fiscal policy and how it is implemented.
- Discuss the annual federal budgetary process.
- Understand monetary policy and the role of the Fed.
- Explain what, according to Alice Rivlin, Americans should expect from their economy, and why.
This title is part of the series: FRAMEWORK FOR DEMOCRACY
10 and up
Color and black-and-white