apr 23, 1937 - FDR announces plan to implement Keynesian economics (Apr 1937)

Description:

founded by Brit economist John Maynard Keyes, use of gov't spending & fiscal policy to help economy/encourage consumer spending, New economic orthodox for many decades;

(Apr 1937) FDR announced program to stimulate economy by planned deficit spending after Roosevelt Recession; Deficits = undersized for conquering depression, Policy reversal marked major turning point in gov't relation to economy;

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