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examine the evolution of Fiscal Policy in the United States since the Great Depression. This paper will flow like a timeline that identifies major figures,
examine the evolution of Fiscal Policy in the United States since the Great Depression. This paper will flow like a timeline that identifies major figures, events and policies that shaped the ideological approach to government intervention since the 1930s.
Include these:
Some pointers that MUST be included (this is not exhaustive)
- The neo-classical self-correction argument
- The Panic of 1873
- The Panic of 1893
- The Panic of 1907
- The Great Depression
- Keynesian Theory
- Sticky Wages
- Sticky Prices
- The Multiplier
- The Aggregate Expenditures Model
- Liquidity Trap
- Paradox of Thrift
- The Great Recession
- Deficits and Crowding Out
- Modern Monetary Theory
- The 1980 election and the rise of Reagan
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