Question

Compare different points of view about great depression,which one would you agree with?Why

Answer 1

1. Great Depression lasted between 1929 to 1939
2. It was triggered by decline in demand and fall of prices
3. Marxist Economist argued that it was because of capitalism and can get rid of only with socialism.
4. Economist JM Keynes argued that state shall play a crucial role and intervene effectively
5. During decline state shall invest and generate employment and help people to earn money a d demand goods in market
6. I would agree with view of JM Keynes.
7. I believe that governments role in these situation would be very much necessary and inevitable

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