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The Great Depression
Of 1930.
William Cunningham
Strayer University
To my amazement the Great Depression serves as a natural debating point that "justifies" or "refutes" various economic policies. The Great Depression 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 the industrialized world.
Seeing the order in which events actually occurred dispels many myths about the Great Depression. One of the greatest of these myths is that government intervention was responsible for its onset. Truly massive intervention began only under the presidency of Franklin Roosevelt in 1933, who was sworn in after the worst had already hit. Although his New Deal did not cure it, all the leading economic indicators improved during his tenure.
To understand the Great Depression, it is important to know the theories of John Maynard Keynes. Keynes is......
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Title: The Great Depression
Approximate Word Count: 1673
Approximate Pages: 7 (250 words per double-spaced page)
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