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Plan Of Labour
The Plan of Labour () was a proposed economic program formulated by the Social Democratic Workers' Party (Netherlands), Social Democratic Workers' Party (SDAP) and Nederlands Verbond van Vakverenigingen, Dutch Association of Trade Unions (NVV) in 1935. The plan was formulated to respond to the economic malaise caused by the Great Depression in the Netherlands, Great Depression. The plan was largely written by the Dutch economists Hein Vos and Jan Tinbergen, the latter becoming the first laureate of the Nobel Memorial Prize in Economic Sciences, Nobel Prize in Economics. History When the Great Depression started to affect the Netherlands in 1931, the Dutch Government, consisting of confessional and liberal parties, responded with austerity, whilst maintaining the value of the Dutch guilder at the Gold standard. Although Dutch socialists had hailed the Great Depression as the start of the end of capitalism and thus believed it necessary to run its course, the SDAP would realise i ...
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Revolutionary Socialist Party (Netherlands)
The Revolutionary Socialist Party ( or RSP) was a Dutch socialist political party, that has been variously characterized as Trotskyism, Trotskyist and syndicalist. In 1935 it merged with the Independent Socialist Party (Netherlands), Independent Socialist Party (OSP) to form the Revolutionary Socialist Workers' Party (, RSAP), but most of the former OSP members left the united party the same year. Henk Sneevliet was the RSP/RSAP's undisputed leader throughout its existence, as well as its only House of Representatives (Netherlands), Representative. Party history Predecessors The oldest predecessor of the Revolutionary Socialist Party is the Revolutionary Socialist Union (, RSV), a group of dissidents from the Communist Party Holland (CPH) led by Henk Sneevliet. Another predecessor is the Socialist Party (Netherlands, interbellum), Socialist Party (, SP), a syndicalist party, which was closely linked to the anarcho-syndicalist trade union National Labor Secretariat (NAS). Founda ...
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Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ...
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Economic History Of The Netherlands
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, mone ...
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Social-Economic Council
The Social and Economic Council ( Dutch: ''Sociaal-Economische Raad'', SER) is a major economic advisory council to the cabinet of the Netherlands. Formally it heads a system of sector-based regulatory organisations. It represents the social partners trade unions and employers' organisations. It forms the core organisation of the corporatist and social market economy known as the polder model and the main platform for social dialogue. History The SER was founded in 1950. It was founded after a long debate about the economic order of the Netherlands. The two main governing parties of the time, the Catholic People's Party (KVP) and the Labour Party (PvdA) had differing opinions on the subject. Both wanted to prevent the repetition of the Great Depression. The Labour Party preferred to grant the government an important regulatory role in the economy, while the KVP preferred to rely on the workings of a self-regulating market economy. A compromise was found in the corporatis ...
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Labour Party (Netherlands)
The Labour Party ( , PvdA or P van de A ) is a social democratic political party in the Netherlands. The party was founded in 1946 as a merger of the Social Democratic Workers' Party, the Free-thinking Democratic League and the Christian Democratic Union. Prime Ministers from the Labour Party have been Willem Drees (1948–1958), Joop den Uyl (1973–1977) and Wim Kok (1994–2002). From 2012 to 2017, the PvdA formed the second-largest party in parliament and was the secondary partner in the Second Rutte cabinet with the People's Party for Freedom and Democracy. The party fell to nine seats in the House of Representatives at the 2017 general election, making it the seventh-largest faction in the chamber—its worst showing ever. However, the party rebounded with a first-place finish in the 2019 European Parliament election in the Netherlands, winning six of 26 seats, with 19% of the vote. The party is a member of the European Party of European Socialists and the ...
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Christelijk-Democratische Unie
The Christian Democratic Union (, CDU) was a minor progressive Protestant party in the Netherlands during the interbellum. History The CDU was formed in 1926 as a merger of three even smaller Christian left-wing parties, the Christian Social Party, the Christian Democratic Party and the League of Christian Socialists. It had one seat between 1929 and 1937 and two between 1937 and 1946. The party always was in opposition. It was linked to the minor denomination Reformed Churches in Repaired Union (Dutch: Gereformeerde Kerken in Hersteld Verband), which split from the mainstream Reformed churches, because of its pacifism. The Synod of the reformed church therefore decreed disciplinary measures against members of the CDU. After World War II, the party joined the newly founded Partij van de Arbeid. In the 1950s many members left to join the pacifist PSP because of the relatively right-wing course of the PvdA. Ideology The CDU stood for a just society based on biblical rules. ...
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Dutch General Election, 1937
General elections were held in the Netherlands on 26 May 1937.Dieter Nohlen & Philip Stöver (2010) ''Elections in Europe: A data handbook'', p1396 The Roman Catholic State Party remained the largest party in the House of Representatives, winning 31 of the 100 seats.Nohlen & Stöver, p1413 Due to the outbreak of World War II two years later, the next general elections were not held until 1946. Results See also * List of candidates in the 1937 Dutch general election References {{Dutch elections General elections in the Netherlands Netherlands Netherlands General A general officer is an Officer (armed forces), officer of high rank in the army, armies, and in some nations' air force, air and space forces, marines or naval infantry. In some usages, the term "general officer" refers to a rank above colone ...
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Marxist
Marxism is a political philosophy and method of socioeconomic analysis. It uses a dialectical and materialist interpretation of historical development, better known as historical materialism, to analyse class relations, social conflict, and social transformation. Marxism originates from the works of 19th-century German philosophers Karl Marx and Friedrich Engels. Marxism has developed over time into various branches and schools of thought, and as a result, there is no single, definitive " Marxist theory". Marxism has had a profound effect in shaping the modern world, with various left-wing and far-left political movements taking inspiration from it in varying local contexts. In addition to the various schools of thought, which emphasize or modify elements of classical Marxism, several Marxian concepts have been incorporated into an array of social theories. This has led to widely varying conclusions. Alongside Marx's critique of political economy, the defining ...
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Multiplier (economics)
In macroeconomics, a multiplier is a factor of proportionality that measures how much an endogenous variable changes in response to a change in some exogenous variable. For example, suppose variable ''x'' changes by ''k'' units, which causes another variable ''y'' to change by ''M'' × ''k'' units. Then the multiplier is ''M''. Common uses Two multipliers are commonly discussed in introductory macroeconomics. Commercial banks create money, especially under the fractional-reserve banking system used throughout the world. In this system, money is created whenever a bank gives out a new loan. This is because the loan, when drawn on and spent, mostly finishes up as a deposit back in the banking system and is counted as part of money supply. After putting aside a part of these deposits as mandated bank reserves, the balance is available for the making of further loans by the bank. This process continues multiple times, and is called the multiplier effect. The multiplier m ...
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Keynesian Economics
Keynesian economics ( ; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomics, macroeconomic theories and Economic model, models of how aggregate demand (total spending in the economy) strongly influences Output (economics), economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the aggregate supply, productive capacity of the economy. It is influenced by a host of factors that sometimes behave erratically and impact production, employment, and inflation. Keynesian economists generally argue that aggregate demand is volatile and unstable and that, consequently, a market economy often experiences inefficient macroeconomic outcomes, including economic recession, recessions when demand is too low and inflation when demand is too high. Further, they argue that these economic fluctuations can be mitigated by economic policy responses coordinated between a government and their central bank. ...
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Trotskyist
Trotskyism (, ) is the political ideology and branch of Marxism developed by Russian revolutionary and intellectual Leon Trotsky along with some other members of the Left Opposition and the Fourth International. Trotsky described himself as an orthodox Marxist, a Revolutionary socialism, revolutionary Marxist, and a Bolshevik–Leninist as well as a follower of Karl Marx, Frederick Engels, Vladimir Lenin, Karl Liebknecht, and Rosa Luxemburg. His relations with Lenin have been a source of intense historical debate. However, on balance, scholarly opinion among a range of prominent historians and political scientists such as E.H. Carr, Isaac Deutscher, Moshe Lewin, Ronald Suny, Richard B. Day and W. Bruce Lincoln was that Lenin’s desired “heir” would have been a collective leadership, collective responsibility in which Trotsky was placed in "an important role and within which Joseph Stalin, Stalin would be dramatically demoted (if not removed)". Trotsky advocated for a decen ...
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