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the student will examine the evolution of Fiscal Policy in the United States since the Great Depression. This paper will flow like a timeline that

the student will 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. 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
  • Modern Monetary Theory
  • The economic and political malaise of the 1970s which led to the rise of Reagan
  • The 1980 election and the rise of Reagan

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