• Keynesianism of the 1960s

  • May 6 2021
  • Length: 39 mins
  • Podcast

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Keynesianism of the 1960s

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  • Summary

  • In this part 4 of 4, Prof. Harvey talks about the economic evolution of the 1960s and the suburbanization of America. To establish and secure its position as the global leader, the US invested heavily in the military guided by Keynesian policies of deficit spending. The military-industrial complex came out of the post-war period in an effort to keep up with the Soviet Union's militarization and protect the world from the spread of Communism. The suppression of socialism at home was supplemented by the experience of the affluent working class facilitated in large part by the creation of suburbs. However, marginalized minority workers, who did not benefit from the increased standard of living enjoyed by mostly white workers, fought against economic injustices and fueled the Civil Rights movements of the 60s.
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