Class Notes

The greatest thing for the economy of the U.S. during the Great Depression and what possible saved FDR’s legacy was WWII.  Within a year of entering the war, the U.S. outproduced all the other nations fighting combined.  That type of production put everybody back to work and more than doubled per capita income.

Class Notes

The new liberal thinkers of the 18th Century did not think of themselves as revolutionaries.  They were comfortable being part of the elite.  They hoped they could enlighten the nobility and kings, but instead they influenced revolutions.  The key to their enlightenment was that people should work towards their own self-interest, but an enlightened self-interest.  … Continue reading Class Notes