ERIC Number: EJ766577
Record Type: Journal
Publication Date: 2007-Mar
Reference Count: N/A
What Caused the Great Depression?
Caldwell, Jean; O'Driscoll, Timothy G.
Social Education, v71 n2 p70-74 Mar 2007
Economists and historians have struggled for almost 80 years to account for the American Great Depression, which began in 1929 and lasted until the early years of World War II. In this article, the authors discuss three major schools of thought on the causes of the Great Depression and the long failure of the American economy to return to full employment: (1) "The Keynesian Explanation"; (2) "The Monetarist Explanation"; and (3) "The International Explanation". The authors believe that teachers will find that presenting the approaches described in this article is a useful way of encouraging students to review and analyze the causes and progression of the Great Depression. By examining the known historical facts and developing their own interpretations, students can further their understanding both of the history of the Great Depression and of some basic principles of economics.
Descriptors: Historians, Unemployment, Economics, United States History, History Instruction, Economics Education, Economic Climate, Historical Interpretation, Monetary Systems, Global Approach, Government Role, Public Agencies, Instructional Materials, Elementary Secondary Education
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Publication Type: Guides - Classroom - Teacher; Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education
Authoring Institution: N/A
Identifiers - Location: United States