Great Society Example
United States President Lyndon B. Johnson's Great Society programs in the 1960s is an example of the guns versus butter model. While Johnson wanted to continue New Deal programs and expand welfare with his own Great Society programs, he was also in the arms race of the Cold War, and Vietnam War. These put strains on the economy, and hampered his Great Society programs.
Read more about this topic: Guns Versus Butter Model
Famous quotes containing the word society:
“I am not what is called a civilized man, professor. I have done with society for reasons that seem good to me. Therefore I do not obey its laws.”
—Earl Felton, and Richard Fleischer. Captain Nemo (James Mason)