answersLogoWhite

0

The concept of Keynesian economics grew in popularity and influence as a result of the worldwide depression, particularly the Great Depression of the 1930s. John Maynard Keynes argued that government intervention was necessary to stimulate demand and pull economies out of recession, challenging the prevailing laissez-faire approach. His ideas led to increased government spending and the establishment of social safety nets, fundamentally reshaping economic policy in many countries. This shift laid the groundwork for modern macroeconomic theory and practice.

User Avatar

AnswerBot

1w ago

What else can I help you with?

Related Questions

Can you give a sentence with anarchism?

The popularity of the Guy Fawkes mask is due to the rise in popularity of the concept of anarchism.


Discuss the popularity of operating system?

An operating system is a necessary concept of using a modern computer. It is not a matter of "popularity."


Is there a state of depression before extinction example dinosaurs neanderthals natural catastrophes?

There is no concept called a "state of depression" in paleontology, so, No.


What is Aaron Beck's view of depression?

beck developed the concept of the negative triad


What is the concept of oil art about?

The concept of oil art is the process of painting with pigments that are bound with a drying oil medium. It began to gain popularity in the 15th century.


When were time zones officially adopted worldwide?

The concept has existed since at least 1858 in an obscure writing, but it didn't get worldwide agreement until 1884.


How did Native Americans influence European colonists?

concept of land


Does culture and language influence each other?

by their own concept


What contribution did Aaron Beck make the to the treatment of depression?

Beck developed the concept of the negative triad.


Loqqad provides the easiest way to post or search for worldwide classifieds?

with its unique concept and design, yes !


What is the Latin word for 'Global'?

There is no word for 'global' in the sense of 'worldwide'. The concept hadn't come around yet.


Why did historians have regraded the American Revolution as being of worldwide importance?

marked the successful emergence of a new concept in government.