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Keynesian Theory And The New Deal - Online Paper

Keynesian Theory And The New Deal



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 the United States from the Great
Depression it had fallen into. John Stuart Mill was a strong
believer of expanded government, which the New Deal provided.
John Maynard Keynes believed in supply and demand, which the New
Deal used to stabilize the economy. Franklin D. Roosevelt's
New Deal is the plan that brought the U.S. out of the Great
Depression. It was sometimes thought to be an improvised ...

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the same idea of creating jobs he made many other
organizations devoted to forming jobs and in turn helping the economy.
One of those organizations was the Civilian Conservation Corps. This
corps took men off the streets and paid them to plant forests and
drain swamps. Another of these organizations was the Public Works
Administration. This organization employed men to build highways and
public buildings. These were only some of the organizations 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 ...

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Keynesian Theory And The New Deal. (2006, May 16). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Keynesian-Theory-And-The-New-Deal/45966
"Keynesian Theory And The New Deal." Essayworld.com. Essayworld.com, 16 May. 2006. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Keynesian-Theory-And-The-New-Deal/45966>
"Keynesian Theory And The New Deal." Essayworld.com. May 16, 2006. Accessed December 23, 2024. http://www.essayworld.com/essays/Keynesian-Theory-And-The-New-Deal/45966.
"Keynesian Theory And The New Deal." Essayworld.com. May 16, 2006. Accessed December 23, 2024. http://www.essayworld.com/essays/Keynesian-Theory-And-The-New-Deal/45966.
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PAPER DETAILS
Added: 5/16/2006 01:17:26 AM
Category: Economics
Type: Premium Paper
Words: 985
Pages: 4

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