As a result of Keynesian economics and the aftermath of World War II, many people believed that markets could in fact be suspended or drastically curtailed by government actions for the common good.

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Keynesian economics, developed by John Maynard Keynes, advocates for government intervention in the economy, especially during recessions. After World War II, the successful application of Keynesian policies in managing wartime economies and post-war reconstruction led many to believe that governments could indeed suspend or significantly limit market operations to promote societal welfare.

As a Result of Keynesian Economics and the Aftermath of World