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Essay Galaxy - Keynesian Theory and the New Deal
Keynesian Theory and the New Deal
The crash of the stock market brought many hard times.
Franklin D. Roosevelt's New Deal was a way to fix these times. John
Stuart Mill and John Maynard Keynes were two economists whose
economic theories greatly influenced and helped Franklin D.
Roosevelt devise a plan to rescue the United States from the Great
Depression it had fallen into. John Stuart Mill was a strong
believer of expanded government, which the New Deal provided.
John Maynard Keynes believed in supply and demand, which the New
Deal used to stabilize the economy. Franklin D. Roosevelt's
New Deal is the plan that brought the U.S. out of the Great
Depression. It was sometimes thought to be an improvised plan,
but was actually very thought out. Roosevelt was not afraid to
involve the central government in a....
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Number Of Pages: 4 |
Number Of Words: 1000 |
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