John Maynard Keynes—The Government Interventionist

When the U.S. stock market crashed in 1929, the Great Depression quickly became a global disaster. As unemployment soared and faith in free markets collapsed, British economist John Maynard Keynes proposed a radical solution—let governments spend their way out of crisis.

In this episode of Economic Game Changers, teens explore the revolutionary Keynesian theory of economics, which gave the government a new, unprecedented role in the economy. What happens when a “not-so-invisible hand” guides the market? Watch to find out.