The New Deal, Keynesian economics, and government role in the economy during the Great Depression.
The New Deal was a series of programs enacted by President Franklin D. Roosevelt to address the economic challenges of the Great Depression. It included initiatives like job creation, relief efforts, and financial reforms to stimulate the economy.
Keynesian economists advocated for deficit spending during times of economic downturn, which was eventually adopted during World War II to fund various government initiatives. This approach helped spur economic growth but also resulted in significant postwar debts for the nation.
The New Deal's impact on the role of government in the economy and society was substantial. It led to an expansion of federal government size and power, acceptance of deficit spending, and a shift in the perception of government responsibility for citizen economic security.
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