ECLECTICS:WHAT DID WE LEARN FROM KEYNES?PART 9.

deeply sinking.It took a long time for his ideology to gain ground and discipleship,deeply guided the Rooseveltian New Deal.And despite the inconsistencies in the application of the New deal programs,it was well amplified to see the end of depression.Roosevelt though was politically often regarded as liberal and many economists would call him economic conservative and he was prokeynesian just like many of his economic advisers were great admirers of keynes.Marina Eccles the helmsman at the Federal Reserve during the period was another keynes'follower.Roosevelt himself distrusted the policy of lowering taxes and increasing government spending to basically solve depression logjam.However the government proceeded or moved forward with spending and when pulled back reflected the pendulum volatilities of applied policy inconsistencies so that slight progress alternated with declines in the early 1940s.The major turnaround was the wartime economy that badly needed production and supplies of weapons for the allies.