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Politics and the Economy:

Keynes was a very influential economist in the early C20 (After WW1)
After WW1 Liberals were in power (Lloyd George)
o After WW1 there was a massive economic depression
19221923 Bonarlaw (Conservative) formed coalition with Lloyd George (Liberal)

Baldwin (1923) Conservative saw struggling economy, he wanted…

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Government intervention, happens in order to stimulate the economy
o Increased government spending
o Inject money into the economy
Companies expectations of the economy improve

Government Spending

Taxation people then lose money and don't spend
Borrowing Short term only

Government should only be there to balance the books.…


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