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Comparisons Of Classical And Keynesian Thought.

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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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