All Kinds of History

John Maynard Keynes proposed a theory that is called the Keynesian Economic Theory. Keynes blamed the Stock Market Crash of 1929, which led to the Great Depression, on several vital factors. However, Keynes failed to consider that people could not go forward using his method of keeping the United States out of the Great Depression. This article will examine his economic theory and how it would fail to work during this period. Keynes would blame the Stock Market Crash of 1929 and the Great Depression that followed on several things. First, he would blame the lack of spending by households, businesses, and the United States government as the reason the Stock Market Crash became the Great Depression. According to Keynes, the lack of spending means that a person is saving rather than putting their money back into the market due to that person's understanding of the needs of themselves and their families (2022. p. 129). Yet, the Stock Market Crash of 1929 and the years that emanated aft

Some significant people were economic influencers during the years 1900-1929. Charles Clinton Spaulding is one such individual who influenced the economic time during this period. The interesting fact about Spaulding is that he was an African American living in the South. Now, if one looks at this period, one can surmise the troubles African Americans had in the South during this period. Spaulding would significantly influence the local economy during his time and into the future. Spaulding was a successful African American businessman in the South when it took a lot of work for most African Americans to move forward and be successful. This article will examine Spaulding and his influence on people and the economy. Charles Clinton Spaulding was born in North Carolina on August 1, 1874. This is where he would live his life. Here, Spaulding would gain employment and work his way up to heading a company. This man's accomplishments during an era where racism was rampant are extraordina