Can someone help me better understand the similarities between the causes of the GD and the current global economic crisis?
I understand the GD is said to have been primarily caused by the stock market crash in 1929 and was then heightened by other impacts such as bank failures, decrease in demand, high unemployment etc but how can I understand the similarities (or differences) more deeply? Can you help explain?
Also, what is the Keynesian theory and how does this relate?
Please use about 1000 to 1500 words.