1 - self-correcting and was best left untouched The...

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Contribution of Keynes Considered the father of economics, John Maynard Keynes had a great deal of influence in economics. Keynes' theories on government intervention and moderation of the economy helped to achieve the end of the Great Depression. Up until the Great Depression the United States used the “classical” or “conservative” version of capitalism. This version stated that the economy was
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Unformatted text preview: self-correcting and was best left untouched. The depression brought a marker decline in the economy and many individuals to search and unveil a new version of capitalism. In 1936, Keynes published a book explaining his views on the economy and how the economy could be restored....
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