GED Social Studies : Government Regulations

Study concepts, example questions & explanations for GED Social Studies

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Example Questions

Example Question #1 : Consumer And Federal Relationships

The New Deal domestic reforms took place during the Presidency of __________

Possible Answers:

Franklin D. Roosevelt.

Herbert Hoover.

Lyndon B. Johnson.

Dwight D. Eisenhower.

Theodore Roosevelt.

Correct answer:

Franklin D. Roosevelt.

Explanation:

When Franklin D. Roosevelt assumed the Presidency in 1932 America was at the height of the Great Depression. He instituted a massive and sweeping series of programs designed to extend social security to a much larger proportion of the population and to rescue the economy. Collectively this series of programs is called the New Deal. Historians disagree about the success of these programs, but what is clear is that they dramatically changed the responsibilities and duties of the United States government.

Example Question #2 : Consumer And Federal Relationships

Which of these writers is often described as “the father of modern economics”?

Possible Answers:

Adam Smith

John Locke

David Ricardo

Thomas Malthus

Francis Bacon

Correct answer:

Adam Smith

Explanation:

Adam Smith is often referred to as “the father of modern economics” for his writings on laissez-faire and free market capitalism. Smith argued in The Wealth of Nations that the government should try and avoid interfering in the economy and that the economy should be almost completely unregulated. His writings and ideas remain deeply influential.

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