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This is a free sample preview of the essay
Comparisons Of Classical And Keynesian Thought.
Beginning of essay
In the comparison of the two thoughts one must understand that Classical
thought is one that has been around longer than Keynessian and it was in
all probability the only real school of thought from 1776 to the 1930's.
The Classical thought is one that had its origins in Britain and with
Britis ....
Middle of essay
....fix it.
Probably the biggest test of not only our economy but also our
economists was the Great Depression. During this time it seamed that the
Classical approach was not working as expected and the government as well
many economists could not explain why. In an effort to boost the economy
the Federal Government (Congress) raised taxes and imposed stiff import
tariffs, this was the wrong thing to do as this only spread the depression
through out the rest of the world. This was of course a l.... |
| Number of words: 429 |
Approximate pages: 2 |
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