Briefly summarise the two lessons learned by the economists and politicians from the post-war economic experience. -SST 10th

Briefly summarise the two lessons learned by the economists and politicians from the post-war economic experience. -SST 10th
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In post-war system, two lessons were learned by the economists and politicians. One was to ensure mass consumption in an industrial society by high and stable income. Another one was to ensure full employment and government control of flows of goods, capital and labour.Therefore, they aimed to establish a stable economy and provide full employment in the industrial nations through the Bretton Woods institutions, namely, the IMF and the World Bank.
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