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The Great Depression
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== <span style="color: #FFFFFF;">Analyzing</span> == {| class="wikitable" |+ Laissez-Faire vs. Keynesianism ! Feature !! Classical (Pre-1929) !! Keynesian (Post-1936) |- | Market View || "Self-Correcting" (Invisible Hand) || "Unstable" (Needs a 'Nudge') |- | Government Role || "Do Nothing" (Stay out of it) || "Intervene" (Manage Demand) |- | Goal || "Balanced Budget" || "Full Employment" |- | View of Debt || "Evil" and "Dangerous" || "A Tool" for Growth |- | Analogy || A 'Tree' (Let it grow naturally) || A 'Car' (The government is the driver) |} '''The Concept of "The Paradox of Thrift"''': Analyzing "Individual vs. Group." For **one person**, "Saving Money" is "Smart." But if **everyone** "Saves Money" at the same time, "No one spends," "No one earns," and the **Whole Economy Dies**. What is "Good for the part" can be "Deadly for the whole." </div> <div style="background-color: #483D8B; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">
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