THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What economic condition did economist John Maynard Keys believe caused the Great Depression
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strict controls on stock speculation
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lack of government intervention
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too much oversight of the banking system
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limits on production and consumer spending
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Explanation:
Detailed explanation-1: -In 1936, he published The General Theory of Employment, Interest, and Money, which revolutionized economics. In his book, Keynes declared that free-market capitalism had failed to provide a remedy for an economy stuck in a long-lasting depression with mass unemployment.
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