John Maynard KeynesSummaryJohn Maynard Keynes was a British economist who had theories on how governments should spend their way out of a recession so that they can quickly recover. They could do this by making projects that had value to the country and that would reduce jobs.
Quote"The difficulty lies not so much in developing new ideas, but from escaping from old ones"- John Keynes
YouTube Video |
Notes
Subjunctive QuestionWhen would the USA have figured the problem out regarding the recession if Roosevalt didn't apply Keyne's theory?
CartoonAudio |