President Lyndon B. Johnson believed in limiting the role of government and took steps in the 1980s that increased financial deregulation and promoted financial globalization.

Question

Quizplus · Accepted Answer

The statement is incorrect. President Lyndon B. Johnson served from 1963-1969, not the 1980s. Additionally, he believed in an expanded role for government in areas such as civil rights and poverty reduction. Financial deregulation and globalization became more prominent in the 1980s under President Ronald Reagan.