Study Notes
Modern Liberalism
- Level:
- A-Level
- Board:
- AQA, Edexcel, IB
Last updated 2 Jun 2020
Modern liberalism emerged as a reaction against free-market capitalism, believing this had led to many individuals not being free. Freedom could no longer simply be defined as ‘being left alone’
Whereas early forms of liberalism viewed freedom as achieved via a limited role for the state, modern forms of liberalism took a very different approach. According to many historians, the laissez-faire approach became associated with causing the Great Depression of the 1930s. Individuals could not be described as free when exposed to the whims of the marketplace. Free-market capitalism had failed to provide freedom to all; and a very different approach was required. This led to a shift away from classical economics towards a form of Keynesianism. A mixed economy became preferable to a system in which the marketplace was left alone.
You might also like
2015 General Election Results Summary
Study Notes
Vice President (election, role)
Study Notes
The Senate
Study Notes
Congressional Committees
Study Notes
Congress
Study Notes
The House of Representatives
Study Notes
2015 General Election - Seats Won by Party
Study Notes
Access Points
Study Notes