The founder of Keynesian economic theory was John Maynard Keynes. He made many great accomplishments during his time and probably his greatest was what he did for America in its hour of need. During the 1920's, the U.S. experienced a stock market crash of enormous proportions which crippled the economy for years. Keynes knew that to recover as soon as possible, the government had to intervene and put a decrease on ta

The two opposites of the Supply Side and Keynes' theories are well matched theories, but it was the time of use that made them good and bad. Keynes' theory was used during that aftermath of the Great Depression, a catastrophe America will never forget and will never be able to repay Keynes for the economic assistance in recovering from it. The Supply Side theory was used after a long period of prosperity, and although seeming to continue the practices of the past administration, was the cause of a fearful recession. The success of those or any economic theory is based on the time at which it is implemented.

The Supply Side theory, also known as Reganomics, was initiated during the Regan administration. During the 1970's, the state and local go

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Approximate Word count = 505
Approximate Pages = 2 (250 words per page double spaced)