alternatehistory.com

IOTL, in order to combat the Great Depression, several countries like the US, Sweden, New Zealand or to a lesser extent, Canada had introduced New Deal (US) or equivalents, which involved major social programs and Keynesian public investment spending on infrastructures and others, with varied degree of success. And Sweden was the first country in the world to fully recover.


Britain, however, still wedded with classical economic approach championed by both the Tories and MacDonald Labours, and had been implementing Treasury policies until 1935 (this was a factor contributed to Labour landslide victory in 1945), when a large-scale rearmament began, while Keynes did not have much influence until the Second World War.


The challenge now is to have a New Deal or equivalent implemented in Britain, and not necessarily after the Great Depression.
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