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Essay text:
One of the greatest of these myths is that
government intervention was responsible for its onset. Truly massive
intervention began only under the presidency of Franklin Roosevelt in 1933, who
was sworn in after the worst had already hit. Although his New Deal did not cure
it, all the leading economic indicators improved during his tenure.
To understand the Great Depression, it is important to know the theories
of John Maynard Keynes. Keynes is known as the "father of modern economics"
because he was the first to accurately describe some of the causes and cures for
recessions and depressions...
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