Answer this question

   A. What were some of the solutions that Keynesian economists suggested to get society out of the Great Depression? The logic behind them is extremely crucial, therefore please explain.

 Also, remember that The overall logic employed by Keynes suggests that effective demand is what creates things like full employment, but unfortunately, sometimes this demand falls short and induces a recession. Even more unfortunate, he argued that 'the market' left to itself has no means to fix such a problem; without enough demand, there will be lots of unemployment, and with lots of unemployment, not enough demand. So, where can demand come from? Not business or households. That leaves the government as the only actor to 'prime the pump' or boost effective demand. How can the government do this? All kinds of ways! You just need to expand this section (and by the way, you use the term financial crisis here; the great depression was an economic crisis first and foremost).

Do a 10 pages terrific essay about:

Economic theory, social behavior, and general public perceptions of a market economy were all impacted by the Great Depression.

   A. What were some of the solutions that Keynesian economists suggested to get society out of the Great Depression? The logic behind them is extremely crucial, therefore please explain.

    B. Describe how, compared to the liberals ('free markets') and the radicals (socialists) in the USA in the 1930s, the Keynesian approach to guiding economic public policy constituted middle way' or 'centrist' approach.

    C. Describe the new Keynesian "consensus" perspective that governed post-World War II America, including how the government controlled the market system during this time and how it collapsed in the 1970s, allowing a new, more "pro-business" approach to economic public policy to emerging in the 1980s.

    D. Finally, what are some of the biggest contrasts between the post-World War II era (for example, the "Golden Age") and the "pro-business" neoliberal era, and how can we explain them?

The Great Depression as a historical event

questioned a variety of liberal economic theories, particularly the notion that the economy functions

well (provides full employment, etc.) when left alone. What were a few of the opposing viewpoints that the populace found appealing during the Great Depression, and why?

Think about the following assertion from the reading by Wolff and Resnick:

We all have opinions about what causes poverty, inflation, recession, and unemployment and how to address them. The precise economic theory we employ affects the conclusions we reach and, in turn, how we will act moving forward.

A. The Great Depression was attributed to a variety

of people and organizations.

B. Prior to the 'New Deal' and FDR, how, specifically, did President Hoover and other significant political and business figures respond to the Depression?