Neoliberalism Promises
The Neoliberalism promise that suggests everyone has a fair chance to succeed is called___
Fairness and Opportunity
Neoliberalism became prominent in this time period
1970s-2020s
The 1996 welfare reform reduced government assistance for the poor and ______ welfare benefits
reduced/cut
As CEO OF GE, Jack Welch's used strategies such as stock ________ to boost shareholder value
buybacks
Less government and more personal freedom where individuals are empowered through market participation is a promise of ___
Freedom and Empowerment
Neoliberalism believes markets are the most ___ way to organize the economy
efficient
The 1999 Gramm-Leach Bailey Act allowed banks to combine commercial and ________ banking
investment
Ronald Reagan introduced ____ in the 1980s to stimulate economic growth via tax cuts for businesses and wealthy individuals and deregulation.
trickle down economics
The saying "a rising tide lifts all boats" and the idea that free markets and global competition leads to growth represents ___
Broad Prosperity
Neoliberalism ___ social inequality but ___ economic inequality
decreased, increased
The Commodity Futures Act reduced government _______ of financial markets. Reflecting the neoliberalism idea that markets should be free.
Regulation
This key politician is coined as the “Democratic Eisenhower” and is known for implementing welfare reforms and the deregulation of banking
Bill Clinton
The promise of efficiency and better governance indicates less government involvement ___ waste and public services ___ when they are competitive
reduce, improve
Neoliberalism argues that governments should enable markets not replace them, promoting ___, ___, and ___
deregulation, privatization, and free trade
This act in 1996 removed restrictions on media ownership which lead to corporate consolidation and loss of diverse media voices
the telecommunications act
This neoliberal president implemented policies that supported affordable homeownership, which contributed to the growth of the subprime housing bubble
George W. Bush