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This is a major chapter in the book. The causes of the Great Depression are discussed, and the data document what happened. The New Deal of President Roosevelt is described in detail. The New Deal actions did not return the economy to full employment, but did establish several new federal programs of benefit to the population in the longer run. The chapter includes a presentation of The Theory of Employment, Interest, and Money by J. M. Keynes.

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The Great Depression

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  • 发表日期：

    2026年

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  • John F. McDonald

摘要

This is a major chapter in the book. The causes of the Great Depression are discussed, and the data document what happened. The New Deal of President Roosevelt is described in detail. The New Deal actions did not return the economy to full employment, but did establish several new federal programs of benefit to the population in the longer run. The chapter includes a presentation of The Theory of Employment, Interest, and Money by J. M. Keynes.