John Maynard Keynesian-Ism And The Great Depression

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One of the driving forces behind John Maynard Keynes (to be addressed as Keynesian-ism here after) was The Great Depression. The depression began in 1929--Keynesian-ism was written and introduced in 1936; the end of The Great Depression is dated at 1939--the same year as when World War Two broke out in Europe. This was introduced with great controversy as his economic philosophy was completely different from what was “classical” economics at the time.

The Keynesian Revolution as it was called was in general an idea that would imply restructuring the government’s involvement in the free markets. Up till the Great Depression in 1929 the standard “classical economics” was essentially the main theory used. The belief was that supply outweighed
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