Keynes

The Great Depression and the Keynesian Revolution (2012)

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In 1932, President Herbert Hoover spoke enthusiastically about financial recovery while John Maynard Keynes expressed doubts. In 1936, Keynes published The General Theory of Employment, Interest, and Money, developing a theory that later became the basis for public policy in Washington.

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High
Professional
Length: 
00:28
The Great Depression and the Keynesian Revolution

Boom and Bust: Who Can Explain the Business Cycle? (2012)

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The nation's cycles of economic booms and busts were considered intrinsically capitalistic by Joseph Schumpeter who called them "methodic economic growth," and by Karl Marx who lambasted capitalism as inherently flawed.

Grade Level: 
High
Length: 
00:28
Boom and Bust: Who Can Explain the Business Cycle?

Fiscal Policy: Can We Control the Economy? (2012)

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In 1954 relying on "automatic stabilizers," President Dwight Eisenhower withheld raising taxes in order to encourage consumer spending. In the 1960s, newly elected John F. Kennedy and economic advisor Walter Heller pushed Congress to approve a $12 billion tax cut stimulus.

Grade Level: 
High
Length: 
00:28
Fiscal Policy: Can We Control the Economy?

Inflation: How Did the Spiral Begin? (2012)

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In the 1960s President Lyndon Baines Johnson continued fueling the domestic agenda of his "Great Society," keeping a low profile on the Vietnam War. But the U.S. overspent and inflation bubbled over.

Grade Level: 
High
Length: 
00:28
Inflation: How Did the Spiral Begin?