Great Depression

John Maynard Keynes and his General Theory of Employment

John Maynard Keynes and his General Theory of Employment

On June 5, 1883, British economist John Maynard Keynes, 1st Baron of Keynes, was born. His work and his ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He is one of the founders of modern macroeconomics and is widely considered the most influential economist of the 20th century. “But this long run is a misleading guide to current affairs. In the long…
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F. Scott Fitzgerald and The Great Gatsby

F. Scott Fitzgerald and The Great Gatsby

On April 10, 1925, F. Scott Fitzgerald‘s famous socially critical novel ‘The Great Gatsby‘ was published. The story takes place in 1922, during the Roaring Twenties, a time of prosperity in the United States after World War I. The book received critical acclaim and is generally considered Fitzgerald‘s best work. It is also widely regarded as a “Great American Novel” and a literary classic, although it didn’t sell very well during Fitzgerald‘s…
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Black Thursday – The Wall Street Crash of 1929

Black Thursday – The Wall Street Crash of 1929

The Wall Street Crash of 1929, also known as the Great Crash and the Stock Market Crash of 1929, began in late October 1929 and was the most devastating stock market crash in the history of the United States. The crash signaled the beginning of the 10-year Great Depression that affected all Western industrialized countries, in Germany also referred to as the “Weltwirtschaftskrise“. The optimism and financial gains of the Wall Street…
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