Economic Dimensions Evidence

Question 1

Thatcher Government’s Attempt to Close Colleries In England

Answer 1

1. Caused large-scale strikes in 1984.
2. Thousands of Miners were arrested, fined, imprisoned, or sacked.
3. Looked to close mines because the industry was relying on government subsidies, and Thatcher was looking to privatize.
4. Community-created support groups, soup kitchens, and food parcels, and raised money for local pubs/clubs.
5. There was no national ballot.
6. Weakened the powers of unions; made it difficult to strike legally.

Question 2

Sweden’s Welfare State

Answer 2

1. Social Services: insurance, education, retirement, healthcare, and childcare.
2. Leave of absence is permitted for up to six weeks in order to start a new business, as long as it does not compete with the company that you are already working for.
3. No property taxes, mainly income and consumption taxes.
4. Income taxes sitting at 52% according to tradingeconomics.com.
5. From 2013 to today, the nordic countries have ranked in the top ten spots according to the WHR. Finland has ranked first place 5 times in a row.

Question 3

Chinese Economy

Answer 3

1. Deng Xiaoping was Chairman of the Chinese Communist Party from 1978-1989.
2. High-performing workers should be rewarded rather than ostracised.
3. Prior to 1979 was a centrally planned economy under Mao Zedong.
4. World’s largest economy according to the IMF. 20% larger than that of the US.
5. Manufacturing of cheap goods and international trade leads to China’s economic growth.
6. Large income disparities.

Question 4

Joseph Stalin and the Holodomor

Answer 4

1. Stalin creates 5-year plans in order to industrialize the USSR’s agricultural economy so that the economy would be able to compete with those of capitalist economies.
2. The first 5-year plan was declared a success by Stalin, but actually failed to meet the large production quotas. 110% increase in coal production, 200% increase in iron production, and 335% in electric power.
3. Holodomor 1932-1933: attempt to punish Ukrainian farmers resisting collectivization. The death toll of 3 million people.

Question 5

Hoover’s Response to the Great Depression

Answer 5

1. Causes of the Great Depression: Smoot-Hawley Tariff, bank failures due to localized private banking systems left to their own resources, collapse of the money supply due to the gold standard.
2. Hoover had a hands off approach, relying on private charity rather than public welfare. Although private charities did raise a lot of money, it wasn’t enough to withstand the unemployment rates. Height was 25% unemployed of the total work force. 12,830,000 unemployed people in 1933.
3. Social tension was high. Bonus March 1932, 43000 demonstrators outside of washington demanding early cash redemption of their service bonus due in 1945.

Question 6

China’s National Security Laws in Hong Kong 2020

Answer 6

Curbed voting rights, and suppressed freedoms of speech and press.
Details of the articles were kept secret until after it was passed.
Criminalized secession, subversion, terrorism, and collusion.
Increased surveillance, and closed-door trials in mainland China.
Damaging public transport can be considered terrorism.

Question 7

Nunavut Government

Answer 7

Doesn’t participate in world trade.
Mining, fishing and tourism.
Legacies of the imposition of liberalism leave big social problems, high suicide rates, addiction, family violence, and food security.
The lack of accessibility in is groceries are high.
The largest employer is the government.
Consensus decision-making, collective before the individual.