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Essay text:
These measures lead to great depression of 1930.
World trade declined sharply, as did employment and living standards in many countries.
==>In 1936 “Kens” published a book explaining the procedural way out form depression, his argue was that Demand must be increased and it can be done through government expenditure so governments should take initiative, his argument was a stepping stone towards fiscal policy of today.
==>As World War II came to a close, the leading allied countries considered various plans to restore order to international monetary relations, and at the Bretton Woods conference the IMF emerged...
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