Soc. 101 - Social Problems
C. McGehee, Instructor


                         STUDY GUIDE WEEK 3


What is the difference between a crisis and a problem?

What is the difference between a natural crisis and a social crisis?

What were some of the responses to crises of early European society?

What did (do) the limited liability company, the legal contract, and insurance have in
common?

Discuss the relationship between the gold standard, greenbacks, and bimetalism.

Who was John Maynard Keynes?  Of what significance is he in understanding present
society?

What two kinds of crises did the instructor see as being major drivers of social history?

What is the significance of "the rising tide of expectations" for understanding economic
crises?

What devices have been used since World War II to reduce economic surplus?

What do the following terms mean?  What is their significance for understanding
economic crisis?

         vertical integration
         horizontal integration
         diversification
         conglomerate corporation

To what was the instructor referring when he referred to "the theoretical model of a
socialist economy held in private hands?"  What did he mean by this?

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