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Great Depression History

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The great depression history- IAP project on the great depression compared to recent recession and skills gained from it: research skills, planning skills analytical skills, evaluation. Talk about IAP – great depression cut government spending (enforced austerity measures) led to a fall in unemployment- happens in Greece talk about Crisis-Keynes book: the general theory of unemployment: main argument being levels of unemployment determined by altering aggregate demand (e.g. government spending) rely less on neoclassical models, Keynes revolutionised economist way of thinking- criticism of the neo classical model led an insight to many people(savings weren’t irrelevant, human behavioural influences and how the economy is forever changing).

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