Hopeful Historian

               W hen one examines history from the current day, a much clearer picture emerges. If hindsight is 20/20, then examining the past from the present can provide an even clearer picture. The Great Depression struck every American home. Over the years, experts have provided insights into the causes, impacts, and resolutions of that event. This post explores the causes, impacts, and resolutions of the Great Depression through the lens of John Maynard Keynes’ theory of aggregate demand.   In his 1936 book, The General Theory of Employment, Interest, and Money , Keynes explains his theory of aggregate demand. The economic theory of Keynes, often referred to as Keynesian economics, offers an interesting approach to understanding economic activity. Keynesian economics argues that the total spending in an economy is the primary driver of economic activity and employment. If the aggregate demand is insufficient, economic downturns an...

     https://lccn.loc.gov/99472879 Born in 1887, Marjorie Merriweather Post emerged as a powerful economic and business figure in the early 20th century. Her presence in the financial and business world during this time reflect a transformative era in American economic history. This time was marked by industrial growth, societal change, and shifting gender roles. By analyzing her life through primary and secondary sources, one can see how she was an inspirational force that left an enduring legacy. Early Life and Inheritance Marjorie owed much of her business talents to her father, C.W. Post, He was an influential figure in the food industry, best known for founding the Postum Cereal Company in 1895. When raising his daughter, Post realized that his daughter could not vote, but she could learn about business. He dedicated the time necessary to pass down his business knowledge to her. [1] With her father’s suicide in 1914, Marjorie inherited a majority stake in the f...