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Keynes and Government

icant change both from political and economic standpoints. The Industrial Revolution changed the ways in which goods were produced, and led to increased urbanization and centralization of financial resources in cities such as New York and London. International trade grew during the century to the point that it was now profitable for companies to export their goods to other countries due to advances in transportation and technology. The availability of credit combined with the availability of resources to make such international trade possible. As the twentieth century began, there was also increased pressure to create consumers for this greater industrial output so that companies would have ready markets for their goods.

The level of globalization which took place during the 1800s became remarkably apparent with World War I when global alliances brought the worst devastation to Europe that war had ever visited on that continent. The resources of the Industrial Revolution were concentrated on the war effort, and the entrance of the United States into t

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Keynes and Government. (1969, December 31). In LotsofEssays.com. Retrieved 14:25, May 13, 2024, from https://www.lotsofessays.com/viewpaper/1688691.html