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Essay

John Maynard Keynes

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Issue:

Business

 

Written by:

Jessie D

 

Date added:

May 11, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 744

 

Was viewed:

7580 times

 

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Essay content:

Wealth and purchasing power were uneven distributed and over production in industry and agriculture became a severe problem. In addition, speculation in stocks had driven the value of the stocks up to unrealistic heights. All this is said to be some of the causes for the Great Depression that reflects the 1930s...
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What triggered the depression was the crash on the New York Stock Exchange in October 1929. John Maynard Keynes, a British economist, was one of many that launched his ideas on how to get the world economy back on track. In the book The General Theory of Employment, Interest and Money, from 1936, he challenges the economists who said that the economic problems would correct it selves and that the government shouldn't do a thing about it...
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