Evolution of Fiscal Policy in the United States and the Rise of Keynesian Theory

Directions

In this 5+ page paper (5 is the minimum number of pages you can turn in to receive credit. (This does not include your separate title page and  Reference page),the student will examine the evolution of Fiscal Policy in the United States since the Great Depression.  This paper will flow like a timeline that identifies major figures, events and policies that shaped the ideological approach to government intervention since the 1930s.

Some Specifics

• You must use a minimum of 5 scholarly/peer-reviewed sources with proper in-text citations.
• NO “.com” sources may be used.  Do not use Investopedia.
• No direct quotes, quotation marks, or copying of information is permitted.  Everything must be rephrased in the student’s own words/voice if credit is to be assigned.
• APA formatting style should be used.
• 12 point font should be used in the paper with 1-inch margins on all 4 sides.
• Double spacing should be used between all lines (only 2 lines between paragraphs as well).  Indent 5 spaces to signal the start of a new paragraph.  
• The paper must be submitted online and processed through Turnitin anti-plagiarism software.  20% is the maximum similarity score permitted. Students must check this percentage when submitting.  If your paper is submitted with a higher score, it will not be accepted. Student’s must rephrase anything highlighted by Turnitin that is not a name, sub-heading, heading, or a citation source regardless of the similarity percentage noted.

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Some pointers that MUST be included

• The neo-classical self-correction argument
• The Panic of 1873
• The Panic of 1893
• The Panic of 1907     *** Students can omit writing on this as it was included in the content of the last paper 🙂
• The Great Depression
• Keynesian Theory ***
• Sticky Wages ***
• Sticky Prices ***
• The Multiplier ***
• The Aggregate Expenditures Model ***
• Liquidity Trap ***
• Paradox of Thrift ***
• The Great Recession
• Deficits and Crowding Out
• Modern Monetary Theory    *** Students can omit writing on this as it was this week’s discussion topic 🙂
• The 1980 election and the rise of Reagan

*** Make sure to explain these in enough detail to demonstrate your understanding of these concepts. 

Make sure to review the rubric for fuller guidance on exactly what needs to be discussed and how to structure your paper’s content.  Pay attention to the first 2 columns (Criteria and 30 pts.)  Everything noted in these 2 columns should be addressed.