MMW 15 Lecture Notes - Lecture 7: Collective Responsibility, United Farm Workers, John Maynard Keynes

• School: UCSD
• Department: Making of the Modern World
• Course: MMW 15
• Professor: Pamela Radcliff

Document Summary

Lecture 7: the depression and the economic crisis of. In old industries (particularly in europe) like textiles and coal mining (the era of abundance in which europe could trade without competition is over) The depression: economic impact: stage one: financial crisis, 1929. In the richest country in the world, millions of people were starving and homeless: (cid:862)the (cid:373)ajority of people, (cid:449)ere hit a(cid:374)d hit hard. They were mentally disturbed because they did(cid:374)"t k(cid:374)o(cid:449) (cid:449)he(cid:374) the e(cid:374)d of all this (cid:449)as (cid:272)o(cid:373)i(cid:374)g. There"s (cid:449)as a lot of sui(cid:272)ides that i k(cid:374)o(cid:449) of, fro(cid:373) (cid:374)othi(cid:374)g else (cid:271)ut that they just (cid:272)ould(cid:374)"t see a(cid:374)y hope for a (cid:271)etter to(cid:373)orro(cid:449). They (cid:449)e(cid:374)t flat (cid:271)roke a(cid:374)d (cid:272)o(cid:373)(cid:373)itted sui(cid:272)ide o(cid:374) the stre(cid:374)gth of it, (cid:374)othi(cid:374)g else. (cid:863) Joh(cid:374) may(cid:374)ard key(cid:374)es a(cid:374)d the (cid:862)middle way": government intervention. 4: state should have some responsibility for taking care of people in economic crisis, community welfare, roose(cid:448)elt a(cid:374)d the (cid:862)ne(cid:449) deal(cid:863, partnership between the government and the individual.