The expansion of the consumer market during the Commercial Revolution.-Payton Hopkins. i hope this was helpful <3
Charmo Ancient Village
I think.
C) That was a great problem for that time. The French revolution was supporting more power to for the common people but an absolute ruler took over the government eventually. People who put their faith into this new idea got very angry. Fun fact: the musician Ludwig van Beethoven who was a great supporter of this new idea wrote the 3rd symphony I think out of anger because Napoleon became Emperor
Keynes was concerned with government influence in times of a recession.
John Keynes was a British economist who focused on trying to understand the Great Depression during the 1930's. While studying these causes, he developed a concept known today as Keynesian economics.
In this theory, Keynes argues that there is bound to be prosperous and awful times in a free market society. Depending on what the economy is doing, government should adjust accordingly. For example, during a time of great economic success and prosperity, the government should scale back their influence/spending in society. However, when the economy is struggling, the government should increase spending and lower taxes in order to help the American citizens.