4. ERA OF EROSION (1975-PRESENT) 09.19.18

Question 1

Era of Erosion

Answer 1

• many income securtiy programs eliminated
• major cuts to social program expenditures
• stricter eligibility criteria for programs
• decrease in economic prosperity
• resurgence of conservatism

Question 2

globalization

Answer 2

• rise of multi-national corporations
• need to be more competitive in global markets
• lower taxes
• creation of trade agreements

Question 3

monetarist solutions

Answer 3

• decrease government expenditures

Question 4

policies based on

Answer 4

• devolution and retrenchment