1. The Great Depression
... drivers. The best evidence suggests that Federal Reserve behavior and the public statements of numerous government officials caused the crash. In the fall of 1928 immediately following the death of Benjamin Strong, the President of the Federal Reserve Bank of New York, the Federal Reserve policy became substantially tighter. Adolph Miller of the Federal Reserve Board was able to take control ... . John Maynard Keynes, however, came up with an explanation of economic slumps that was to many surprisingly simple. One of those believers that his theory was too simple was President Franklin R...
- Word Count: 1299
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate