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This is a free sample preview of the essay
Keynesian Theory And The New Deal
Beginning of essay
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 ....
Middle of essay ....izations dedicated
to creating jobs. Creating jobs was important because it put money in
the hands of the consumer. This directly affected the supply and
demand. The more money they had the more they could spend. This would
slowly start a chain reaction and bring the economy back to the way it
was before the depression. By the end of the 1930's this plan had
lowered unemployment to 17.2%. To make these organizations it was
going to take money.... |
Number of words: 985 |
Approximate pages: 4 |
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