What Were the Main Issues Surrounding the Resurgence of the Ku

question 81

Essay

What were the main issues surrounding the resurgence of the Ku Klux Klan, the growth of fundamentalism, and the Sacco-Vanzetti case? What did the examples reveal about American society in the 1920s? Why?

---

Definitions:

Adverse Selection

A situation in insurance and markets where higher-risk individuals are more likely to select and use insurance or services, potentially leading to market inefficiencies.

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.

Diminishing Utility

A principle in economics that as consumption of a good or service increases, the marginal utility derived from each additional unit decreases.

Fed

Short for the Federal Reserve, which is the central banking system of the United States, responsible for monetary policy.