Economics on the United States History Test in Ten Minutes

Economics on the United States History Test in Ten Minutes

Assessment

Interactive Video

History, Business, Social Studies

6th - 12th Grade

Hard

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Quizizz Content

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The video explores two major economic philosophies in the U.S.: laissez-faire and Keynesian economics. Laissez-faire promotes minimal government intervention, allowing supply and demand to dictate the market, historically leading to rapid industrialization but also social issues. Trickle-down economics, a form of laissez-faire, suggests aiding the wealthy to stimulate economic growth. In contrast, Keynesian economics advocates for government intervention and deficit spending to stimulate the economy, as seen in FDR's New Deal and Obama's policies. The video highlights the ongoing debate between these philosophies in American politics.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is Keynesian economics and how does it differ from laissez-faire economics?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

Describe the impact of FDR's policies during the Great Depression.

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the arguments for and against government intervention in the economy?

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