Home » Great Depression

Great Depression

  • Franklin D. Roosevelt was the 32nd President of the United States and brought the Democratic Party back into power after over 20 years in the wilderness. He inherited a dire economic situation from his Republican predecessor and responded by implementing the New Deal, a wide-ranging series of measures designed to stimulate economic recovery and create jobs. He also took the crucial decision to bring the...
    Read more
  • The General Theory of Employment, Interest and Money is a highly significant work that marked a turning point in the development of modern economic theory In The General Theory of Employment, Interest and Money, the British economist John Maynard Keynes argues that the belief that markets naturally tend towards full employment is a fallacy, and that state interventionism is therefore necessary to...
    Read more