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The Great Depression

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To my amazement serves as a natural debating point that "justifies" or "refutes" various economic policies. and the New Deal are complex topics that are open to many interpretations. The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of ....

Middle of essay

..... A depression, Keynes believed, is an especially severe recession in which people hoard money no matter how much the central bank tries to expand the money supply. In that case, he suggested that government should do what the people were not: start spending money. He called this "priming the pump" of the economy. I think that most economists believe that only massive U.S. defense spending in preparation for World War II cured the Great Depression. After the success of Keyne's economic beli....
Number of words: 1588 Approximate pages: 6

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