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modern economic theories

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Issue:

Miscellaneous

 

Written by:

James U

 

Date added:

May 11, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 500

 

Was viewed:

378 times

 

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Essay content:

The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need. During the 1920's, the U.S. experienced a stock market crash of enormous proportions which crippled the economy for years...
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Keynes knew that to recover as soon as possible, the government had to intervene and put a decrease on taxes along with an increase in spending. By putting more money into the economy and allowing more Americans to keep what they earned, the economy soon recovered and once again became prosperous. Keynes ideas were very radical at the time, and Keynes was called a socialist in disguise...
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