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Explain Why Economic Growth and Development Through Keynesian-Based Economic Policies

question 62

Essay

Explain why economic growth and development through Keynesian-based economic policies had only partially been realized by the early 1970s.


Definitions:

War Effort

The collective actions and resources of a nation or group of nations mobilized to support military operations during a time of war.

War Industries Board

An agency of the U.S. government created in World War I to manage the creation of materials for the war and distribute industrial goods.

Red Scare

A period of intense fear of communism and radical political ideologies in the United States, especially prominent after World War I and during the Cold War.

Postwar Strikes

Work stoppages and labor strikes that occur after the end of a war, often due to economic and social unrest.

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