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John Maynard Keynes believed that the Great Depression was primarily caused by a lack of aggregate demand in the economy. He argued that insufficient consumer spending and investment led to widespread unemployment and business failures. Keynes criticized the classical economic theory that advocated for self-correcting markets, asserting instead that government intervention was necessary to stimulate demand and restore economic stability. His ideas laid the foundation for modern macroeconomic theory and policies aimed at managing economic cycles.
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What economic condition did the economist John Maynard Keynes believe caused the Great Depression?
Strict control on stock speculation
Problems caused by the Great Depression made German people more likely to believe promises made by who?
The problems caused by the Great Depression made German people more likely to believe promises made by Adolf Hitler. He took advantage and promised everyone employment .
What caused the depression after the Revolutionary War?
no
What caused the great deression?
The stock market crashing caused the great depression.
What social and psychological impact did the depression have on Americans?
The depression was devastating to people, it caused a lack of food, shelter, and clothing and a metal depression in most.
What economic condition did the economist John Maynard Keynes believe caused the Great Depression?
Strict control on stock speculation
What economic condition did economist John Maynard Keynes believe caused great depression?
Strict control on stock speculation
Who came up with fiscal policy?
The term "fiscal Policy" is often associated with John Maynard Keynes. During the Great depression John Maynard Keynes believed that the recessionary gap was caused by a decrease in aggragate demand. This led him to develop theories which involved closing the gap by expansionary fiscal policy as it is called today. This could be achieved by increasing government spending to account for a decrease in Consumption by the private sector.
Problems caused by the Great Depression made German people more likely to believe promises made by who?
The problems caused by the Great Depression made German people more likely to believe promises made by Adolf Hitler. He took advantage and promised everyone employment .
What events led to the stock markets Great in 1929?
Depression? I believe the aftermath of a huge World war caused that.
Was the Great Depression was caused by Franklin Delano Roosevelt's incompetence in foreign relations?
There isn't one single cause for the Great Depression. Many historians and economists believe many of F.D.R.'s policies led to worsening of The Great Depression.
What is a circular depression in ground caused by meteoroids?
a circular depression in the ground caused by a meteoroids is called a crater
What caused an economic depression in the 1870s?
The Panic of 1873 caused an economic depression in the 1870s because banksacross the land closed .
What principal did the president believe in that caused the depression worsen?
The belief that since the USA has an economy based on Capitalism, that the economy would right or correct itself.
What caused the depression after the Revolutionary War?
no
Is depression caused by smoking?
maybe
Fatigue may be caused by?
Depression sadness
