... and theories about what caused the Great Depression. Peter Temin argued that monetary forces were not the cause of the depression. On the other hand, he attributes the depression primarily to an unanticipated and unexplained decline in consumption expenditures. John Maynard Keynes, in the early 1930s, attributed the crisis to the impact of changes in Federal Reserve monetary policy. Later however ... , in his book The General Theory of Interest, Money, and Employment in 1936, he blamed the depression on the loss of business confidence that impaired investment spending. Nobel Laureat and ...

• Word Count: 1109
• Approx Pages: 4
• Grade Level: Undergraduate