FOR YOUR INFORMATION: THE WORLD ECONOMIC CRISIS STARTED IN 1930`S

•THE GREAT DEPRESSION OF THE 1930’S DISCREDITED THE MARKET SYSTEM…
•THIS,TOGETHER WITH THE NECESSITIES OF WAGING A WORLD WAR, LED TO PLANNING AND INCREASED GOVERNMENT INTERVENTIONS…
•JOHN MAYNARD KEYNES PROVIDED THE THEORETICAL FRAMEWORK FOR A NEW PERSPECTIVE ON ECONOMIC ORGANIZATION WITH AN EMPHASIS ON DELIBERATE POLICY TO ENSURE FULL EMPLOYMENT
•THE “GOLDEN ERA” 1945-1970 SAW UNPRECEDENTED ECONOMIC AND SOCIAL DEVELOPMENT FOR VIRTUALLY ALL THE PEOPLES OF THE WORLD (THE HISTORIC CLASS COMPROMISE)
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