The other variation of economic liberalism is "balanced model"[1] or ‘ordoliberalism’( the concept is from the concept of ‘ordo,’ the Latin word for ‘order,’). Ordoliberalism means an ideal economic system which would be more well ordered than the laissez-faire economy supported by classical liberals. After the 1929 Stock Market Crash and Great Depression, the German Freiburg School's intellectuals argued that to ensure that market functions effectively, government should undertake an active role, backed by a strong legal system and suitable regulatory framework.