No Keynes

John Maynard Keynes neglects to publish General Theory of Employment, Interest and Money, and eventually moves on to other (non-economic theory related) things. There is no "Keynesian Revolution."

1936-1944

Franklin Roosevelt's administration, while continuing with the New Deal, pursues a less heavy-handed approach during the tail-end of the 1930's and during World War II. For example, the president does not support Congressional capping of wages as an antidote to inflation (which affects the growth of the health care industry in that an employer-based system does not arise).

1944

The Bretton-Woods Conference goes differently, lacking Keynes and his ideas.

1947

The Marshall Plan is influenced by the Röpke Initiative, leading the post-war recovery plan to be more market focused.

1948

In the presidential election, Robert Taft is viewed as closer to the center than in OTL. Howard Buffett (R) of Nebraska is re-elected Congressman. As in OTL, Truman defeats Dewey.

1949-1953

Howard Buffett becomes Senator. Because WWII regulations were milder and lightened upon the war's end, no steel shortage develops, and Truman sees no need to nationalize the steel industry. The Korean War occurs as in OTL. Eisenhower (R) is elected President in 1952. John F. Kennedy (D) defeats Henry Cabot Lodge, Jr. to become Senator.

1953-1961

As in OTL, Eisenhower governs from the center and ignores civil rights. However, the Federal Aid Highway Act of 1956 is not championed by President Eisenhower and fails to pass. Instead, the President promotes a user-funded, independent-agency operated, interstate highway system as introduced by Senator Buffett. James Killian, chairman of the President's Science Advisory Committee, does not recommend to Eisenhower