10. Do you agree with Temin and Vines.docx

Wall street crash of 1929 great depression he also

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Wall Street Crash of 1929 (Great Depression) He also began endorsing a more economic nationalist position of protecting domestic economies from the negative effects of the Depression-era international economy, but cautioned against the imposition of heavy tariffs, or for any western states to adopt the sort of central panning that existed in the Soviet Union at the time. However, Keynes also did posit certain problems with nationalism, those being its tendency for unpracticality, its need for haste in implementing policy, and its intolerance/stifling of criticism Keynes and Bretton Woods: By 1944, as WWII began to draw to a close, and the Allies began planning the Post- War global economy, Keynes began to adopt a more internationalist stance once again. At the time of the Bretton Woods conference, Keynes was interested in the idea of an international currency He also strongly forwarded the idea of a World Bank as a rules based institution that would allow debtors to immediately access money (This was informed by his observances of the struggles of Germany and other debtor nations during the interwar period) Keynes viewpoint at this period can largely be summarised in the idea that he forwarded an international system which was characterised by relatively free trade, with countries maintaining a strong domestic presence within the economy.
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