Age of Greed Study Questions #3 (pg. 96-144)


1. What is a derivative?

 

2. Why did Walter Wriston argue that floating the doallr (not having the dollar backed up by gold reserves) would not have any effect on the volume of international trade?

 

3. Why did consumer advocate Ralph Nader complain about the banking industry in general?

 

4. Why did the second round of private banks' recycling of petrodollars fail so spectacularly in the late 70s?

5. What was the effect on incomesin LDC [less developed countries] with high levels of debt between 1981 and 1989?

6. According to Madrick, why did Ronald Reagan's political views begin to shift in the mid-60's?

7. What was the condition upon which Lewis Uhler would join Ronald Reagan's Tax Reduction Task Force?

8. According to a Gallup poll, what percentage of Americans in 1966 favored a nationwide anti-poverty program?

9. How was Ronald Reagan's personal brand of morality a good fit for his claim that government had become too big?

10. How do the facts of Reagan's life contradict his notion of rugged individualism and self-reliance?

11. What did Sam Walton's notoriously low wages he paid his workers assume about the origin of his workers' benefits/total compensation?

12. What was ironic about the productivity gains made at Wal-Mart when compared to productivity gains of the industrial giants of an earlier era?

13. How did Steve Ross's aggressive business maneiuvering affect the entertainment and news industry?

14. How did deregulation of the cable industry during the Reagan era save Steve Ross?

15. How did the loosening of FCC rules in the 90s benefit Rupert Murdoch and what did it eventually do to entertainment, news, and communications?