Answer :
Answer:
The Keynesian model, which emerged during the Great Depression and World War II, led to the establishment of various domestic social programs and institutions aimed at promoting economic stability, social welfare, and full employment. Some key examples include:
1. Social Security Act (1935) in the United States, which introduced old-age pensions, unemployment insurance, and assistance for families with dependent children and the disabled.
2. National Health Service (NHS) in the United Kingdom (1948), providing universal access to healthcare.
3. Public housing programs and urban renewal initiatives.
4. Unemployment insurance and job training programs.
5. Public education expansion and funding increases.
6. Labor laws and regulations, such as minimum wage and collective bargaining rights.
7. Monetary policy institutions like the Federal Reserve in the US (1913) and the Bank of England (1694, but reformed in the mid-20th century).
8. Fiscal policy institutions like the US Congressional Budget Office (1974) and the UK's Office for Budget Responsibility (2010).
These programs and institutions aimed to stabilize the economy, reduce poverty and inequality, and promote social welfare, aligning with Keynesian economic principles.
