Even Though Senator Barry Goldwater Was Buried in Lyndon Johnson's

question 80

Essay

Even though Senator Barry Goldwater was buried in Lyndon Johnson's landslide victory in 1964, he is often seen as the forerunner of the later rise of conservatism in American politics. What explains the longer-term appeal of Goldwater-style conservatism? Why was he able to make so little headway in 1964?

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Definitions:

Financial Transactions

Activities involving the exchange of money between parties, including buying, selling, lending, and borrowing.

Purchasing Power Parity

A theory that states that in the absence of transportation and other transaction costs, identical goods should have the same price in different countries when prices are converted into a common currency.

Exchange Rates

The valuation of one currency in the process of being exchanged for another.

Balance Of Payments

A record of all economic transactions during a given period between residents of one country and residents of the rest of the world.