ANSWERS TO CHAPTER 22

PART 1

  1. To nationalize is to bring under total government control and, typically, government ownership as well.
  2. To regulate is to bring under partial government control, while retaining private ownership.
  3. Nationalization
  4. Regulation
  5. Because markets were not working. The stock market crashed. Banks failed. Many firms went out of business and many workers lost their jobs. Regulation was seen as a way to restore and maintain order and prosperity.

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