Ask Question
25 January, 07:59

In a short paragraph, describe John Maynard Keynes's major economic philosophies and how his beliefs differed from economic theories that were popular during the early years of the Great Depression.

+3
Answers (1)
  1. 25 January, 09:37
    0
    John Maynard Keynes proposed that increasing government expenditures and lowering taxes would stimulate demand and pull the economy out of a state of depression. His approach sought to generate demand by having the government intervene to "jump start" economic activity. This differed from all the "belt-tightening" and restrictive approaches that others advocated. President Roosevelt's New Deal program sought to put Keynesian economic theory into practice.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In a short paragraph, describe John Maynard Keynes's major economic philosophies and how his beliefs differed from economic theories that ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers