Question

In Fink's Anatomy of a Crisis, it is argued that the outcome is not necessarily always negative, and that positive outcomes may result from a crisis.

a) True
b) False

Answer 1

The statement from Fink's Anatomy of a Crisis regarding the possibility of positive outcomes resulting from a crisis is true. Similarly, the market revolution brought significant changes to the US, but the Panic of 1819 did not increase faith in the Second Bank, and John Locke deemed the Glorious Revolution legitimate.

Step-by-step explanation:

In Fink's Anatomy of a Crisis, it is argued that the outcome of a crisis is not always negative, and that crises can sometimes lead to positive outcomes. This would suggest that the statement 'a positive outcome may result from a crisis' is true.

Addressing the related exercises provided:

• The market revolution did indeed bring many social and economic changes to the United States, so the answer to Exercise 11.3.1 is true.
• Regarding Exercise 12.1.2, the Panic of 1819 decreased American faith in the Second Bank of the United States, making the statement false.
• Lastly, John Locke supported the idea that the Glorious Revolution was legitimate, so the answer to that statement is true.