HST 210 Lecture Notes - Lecture 12: John Maynard Keynes, Corporate Capitalism, Sharecropping
19 Mar 2017
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By mid 1940s: keynesian economics will be widely adopted by most western economies: both democratic and republican politicians will embrace keynesian economics after ww2. By 1938: the new deal dies down and reforms slow. Programs did little for the most vulnerable in society (sharecroppers; african americans) Leftist scholars criticize fdr for failing to put limits on the profits of corporations and for failing to interfere with the fundamental character of corporate capitalism. Put millions to work; increased the regulatory functions of the government and softened. Legacy of the new deal the edges of capitalism: 60% of the unemployed was put to work by the government created the rudiments of the american welfare state, s. s. a. 1st time ever that the government took responsibility for ensuing a minimum level of well-being for all americans/supported labor rights. 1930-70s: democrats" liberal agenda dominates political atmosphere in america. 1931: japan invades manchuria: 1937: japan launches full scale invasion of china.
