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2. Fordism meant what for politics?

  • Globalisation
  • Welfare dependency
  • Less state involvement
  • New Right ideas

3. What caused the "Nixon-Shock"

  • The US no longer being pegged to the gold standard
  • The fall in employment
  • The Wall Street Crash
  • The lack of involvement from the state

4. Fordism was an era all about what?

  • Lower wages
  • Higher tax rates
  • Mass Employment
  • Less state involvement

5. What is the 'Invisible hand'?

  • A government strategy to help workers
  • The idea that the state intervenes to help the economy
  • The idea that the economy will function without state intervention and can regulate itself
  • The economy should be regulated
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