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History
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| Number of pages / Number of words: |
3 / 584 |
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Keynes made much of his world economic theories based on his beliefs in his most important work, The General Theory of Employment, Interest, and Money. In order to secure a stable economy, Keynes promoted the use of government intervention when the United States got into a lot of financial trouble at the start of the Great Depression...
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However, the president at the time, Roosevelt, was against spending taxpayers’ money to allow the nation to get into a nationwide deficit. When Roosevelt was out of all other ideas to help the country’s financial situation, he implemented Keynesian Economics and ultimately the economy improved. Along with his ideas and theories on the role of government in the economy, Keynes also believed that inflation and unemployment were necessary to keep the economy balanced...
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