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Step2247 [10]
3 years ago
11

which person developed new economic ideas based on governments borrowing and spending more money during an economic crisis?

History
2 answers:
lianna [129]3 years ago
6 0

Answer: John Maynard Keynes

Explanation: APEX

otez555 [7]3 years ago
5 0
The appropriate response is John Maynard Keynes.

He was a British business analyst whose thoughts in a general sense changed the hypothesis and routine of macroeconomics and the financial approaches of governments. He based on and incredibly refined before work on the reasons for business cycles, and is broadly thought to be a standout amongst the most compelling financial analysts of the twentieth century and the organizer of current macroeconomics.
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It was May 1892. News from Pittsburgh announced that trouble had broken out between the Carnegie Steel Company and its employees organized in the Amalgamated Association of Iron and Steel Workers. It was one of the biggest and most efficient labour bodies of the country, consisting mostly of Americans, men of decision and grit, who would assert their rights. The Carnegie Company, on the other hand, was a powerful corporation, known as a hard master. It was particularly significant that Andrew Carnegie, its president, had temporarily turned over the entire management to the company’s chairman, Henry Clay Frick, a man known for his enmity to labour. Frick was also the owner of extensive coke-fields, where unions were prohibited and the workers were ruled with an iron hand.

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<span>The spoils system, which can also be references as the patronage system is mostly when you use bribery to change or affect the way an political vote will go. During the Gilded Age, president Ulysses S. Grant, said that he needed bribes if the importers wanted their goods to be processed efficiently. Along with this, the Naval Department had gave contracts because of favoritism, not competitive bidding.

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