Modern economic theories

Submitted by: Mason

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He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need During the 1920's, the U.Sexperienced a stock market crash of enormous proportions which crippled the economy for yearsKeynes knew that to recover as soon as possible, the government had to intervene and put a decrease on taxes along with an increase in spendingBy putting more money into the economy and allowing more Americans to keep what they earned, the economy soon recovered and once again became prosperousKeynes ideas were very radical at the time, and Keynes was called a socialist in disguise