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AP European History
Unit 8 – 20th Century Global Conflicts
Topic 8.5
Which factor best explains why British Economist Friedrich Hayek opposed Keynes's advocacy for state intervention during economic crises?
Hayek feared that it would undermine the British Empire's global influence.
His primary concern was that it would incite socialist revolutions across Europe.
He believed such intervention would lead to an unwelcome expansion of government power.
He objected due to personal disagreements with Keynes, not economics theories.
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AP European History - 8.5 Global Economic Crisis: The Great Depression
Key terms
Economic Crises
Friedrich Hayek
Keynes's advocacy
State Intervention
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