Unit 4: John M. Keynes & Depression
Continuity & Change
Your goal is to read an excerpt of the The Economic Consequences of Peace and try to understand how these ideas impacted politics as well as individual lives throughout the Great Depression.
There are multiple videos of varying lengths to give you some background on the era.
We will be exploring Keynes ideas, why people trusted him and how governments implemented his ideas during the Great Depression. We will also look at how his ideas continue to be used today during the economic crisis spurned by the Covid-19 virus.
There are multiple videos of varying lengths to give you some background on the era.
We will be exploring Keynes ideas, why people trusted him and how governments implemented his ideas during the Great Depression. We will also look at how his ideas continue to be used today during the economic crisis spurned by the Covid-19 virus.
WWI & Treaty of Versailles |
Take a minute to review what you know about WWI... and how it ended. Peace was established after a long conference in Paris in 1919 when the Treaty of Versailles laid out the terms. This situation had a huge influence on John Maynard Keynes.
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John Maynard Keynes |
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The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods."
John Maynard Keynes
1920s
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1930s
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Covers 1911- 1939: Most relevant at the after the 35min mark.
Responses to RB Bennett
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Responses to FD Roosevelt |
COVID-19-- World's Economic Response
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion."
John Maynard Keynes