Compare And Contrast The Keynesian Model Of Economic And American Economy

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4. The West being capitalistic and democratic consisted of Britain, France, and the US. After World War II Europe was divided between the West and the East, the East being Russia. The West implemented a completely different model of economic and political recovery. The Keynesian model of economics was developed on the basis of full employment. The model was introduced to all European States. As a part of the plan it introduction of increased governmental control. It also began subsidizing families with children through income. The economic recovery was more of a miracle due to the quick recovery Europe made. Education, healthcare and welfare were free for everyone. The whole goal for the West was to open up trade and cooperation in Europe.
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