The Great Depression
Beginning of paper
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 paper
.... cures for
recessions and depressions.
In a normal economy, Keynes said, there is a circular flow of money. My
spending becomes part of your earnings, and your spending becomes part of my
earnings. For various reasons, however, this circular flow can falter. People
start hoarding money when times become tough; but times become tougher when
everyone starts hoarding money. This breakdown results in a recession.
To get the circular flow of money started again, Keynes suggested that
the centr ....
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Word count: 1588
Page count: 6 (approximately 250 words per page)
