The economic policies and strategies implemented by the US government following World War II to stabilize and stimulate the economy. These policies aimed to promote economic growth, maintain stability, and reduce unemployment.
Related terms
Supply-side economics: An alternative approach where the focus is on stimulating economic growth by reducing barriers for businesses, such as cutting taxes and regulations.
Monetarism: An economic theory that emphasizes controlling the money supply to regulate inflation and stabilize the economy.
Austrian economics: A school of thought that advocates for limited government intervention in the economy, emphasizing free markets and individual liberty.