Neoliberalism

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/neoliberalism

1. What is the key intellectual figures?
2. What is the prominent political adherents?
3. Why do leaders like Margaret Thatcher and Ronald Reagan support neoliberalism?
4. How does neoliberalism change the way the government works?

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the key intellectual figures?Associated with economists like Friedrich Hayek, Milton Friedman, and James M. Buchanan
2. What is the prominent political adherents?Linked to leaders such as Margaret Thatcher and Ronald Reagan
3. Why do leaders like Margaret Thatcher and Ronald Reagan support neoliberalism?They believed that giving businesses more freedom would help the economy grow, especially when the country was having money problems.
4. How does neoliberalism change the way the government works?It means the government sells or gives away public services, like schools or hospitals, to private companies, and it makes fewer rules for businesses to follow.

Monetarism: An economic theory emphasizing the role of governments in controlling the amount of money in circulation.
Fiscal Austerity: Government policies aimed at reducing budget deficits through spending cuts or tax increases.
Mont Pelerin Society: An international forum of economists, historians, and journalists promoting free-market ideas.