what was his involvement in the world war ii?
As the Allied victory began to look certain, he was heavily involved, as leader of the British delegation and chairman of the World Bank commission
John Maynard Keynes
During the Second World War, Keynes argued in "How to Pay for the War", published in 1940, that the war effort should be largely financed by higher taxation and especially by compulsory saving (essentially workers lending money to the government), rather than deficit spending, in order to avoid inflation. Compulsory saving would act to dampen domestic demand, assist in channeling additional output towards the war efforts, would be fairer than punitive taxation and would have the advantage of helping to avoid a post-war slump by boosting demand once workers were allowed to withdraw their savings. In September 1941 he was proposed to fill a vacancy in the Court of Directors of the Bank of England, and subsequently carried out a full term from the following April. In June 1942, Keynes was rewarded for his service with a hereditary peerage in the King's Birthday Honours. On 7 July his title was gazetted as "Baron Keynes, of Tilton, in the County of Sussex" and he took his seat in the House
the international monetary fund was formed to provide for the short-term flow of money The International Monetary Fund (IMF) was formed in 1944 to foster global growth and economic stability by providing policy advice and financing the members by working with developing nations to help them achieve macroeconomic stability and reduce poverty. who were involved in its formation? Harry Dexter White and John Maynard Keynes who was the first person mentioned above? A senior U.S. Treasury department official. was there any offence charged on him in the year 1953? He was one of those involved in furnishing data to persons outside the Federal Government, who are in turn transmitting this information to espionage agents of the Soviet government.But 6 weeks later, He was appointed U.S. Director of the International Monetary Fund. White's nomination was approved, acting in ignorance of the allegations against him. who was the second person mentioned above? A British economist
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John Maynard Keynes [SEP] Second World War
During the Second World War, Keynes argued in "How to Pay for the War", published in 1940, that the war effort should be largely financed by higher taxation and especially by compulsory saving (essentially workers lending money to the government), rather than deficit spending, in order to avoid inflation. Compulsory saving would act to dampen domestic demand, assist in channeling additional output towards the war efforts, would be fairer than punitive taxation and would have the advantage of helping to avoid a post-war slump by boosting demand once workers were allowed to withdraw their savings. In September 1941 he was proposed to fill a vacancy in the Court of Directors of the Bank of England, and subsequently carried out a full term from the following April.