Education Next – Michael B. Henderson, David Houston, Paul E. Petrson, Martin R. West
“Calamities often disrupt the status quo. After the influenza pandemic that began during World War I and lasted two years, many Europeans turned to socialism, fascism, and Bolshevism. In the United States, the Wall Street Crash of 1929 followed by the Great Depression induced many people to reject laissez-faire capitalism in favor of Franklin Delano Roosevelt’s New Deal, with its social safety-net programs, public-works projects, and government regulations.” (more)