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1、Some politics that used to deal with the economic crisis,Introductions,Roosevelt new deal,Roosevelt new deal,Restore the banks credit; Adjust the agricultural and industrial policy Adopt the Agricultural Adjustment Act and the national industrial rehabilitation law Increase job opportunities Impleme

2、nt welfare-to-work,Franklin Delano Roosevelt,The president of the United States (from 1932 to 1945),Introductions,Neoliberalism,Neoliberalism,Following economic problems in the 1970s, social liberal thought underwent some transformation. Keynesian economic management was seen as interfering with the

3、 free market while increased welfare spending that had been funded by higher taxes prompted fears of lower investment, lower consumer spending, and the creation of a dependency culture.,Neoliberalism,Trade unions often caused high wages and industrial disruption, while full employment was regarded a

4、s unsustainable. Writers like Milton Friedman and Samuel Brittan(they are both economists) ,who were influenced by Friedrich Hayek (he was awarded Nobel Prize in Economics in 1974),advocated a reversal of social liberalism.,Neoliberalism,Their policies, which are often called neoliberalism, had a si

5、gnificant influence on Western politics, most notably on the governments of UK Prime Minister Margaret Thatcher and US President Ronald Reagan, who pursued policies of deregulation of the economy and reduction in spending on social services.,Margaret Thatcher,She was the UK Prime Minister from 1979

6、to 1990.,Neoliberalism,Their policies, which are often called neoliberalism, had a significant influence on Western politics, most notably on the governments of UK Prime Minister Margaret Thatcher and US President Ronald Reagan, who pursued policies of deregulation of the economy and reduction in sp

7、ending on social services.,Ronald Reagan,He was the president of the United States from 1981 to 1989.,My opinion,Europe is famous for its high welfare, but now it may need some changes. As we all know, enforcing a reform is not an easy job. Just thinking about what happened after the retirement syst

8、em reform bill was passed in France, and then you can imagine the difficulty the change will bring.,My opinion,I think the crisis could not appear without any reason. It was caused by the policies that the European countries enforced in the past years. It still needs people to explore how to deal with the crisis. Maybe the crisis can also make people think more about the ideology they used

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