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The Great Slump of 1930 (1930)

In: Essays in Persuasion

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  • John Maynard Keynes

Abstract

The world has been slow to realise that we are living this year in the shadow of one of the greatest economic catastrophes of modern history. But now that the man in the street has become aware of what is happening, he, not knowing the why and wherefore, is as full today of what may prove excessive fears as, previously, when the trouble was first coming on, he was lacking in what would have been a reasonable anxiety. He begins to doubt the future. Is he now awakening from a pleasant dream to face the darkness of facts? Or dropping off into a nightmare which will pass away?

Suggested Citation

  • John Maynard Keynes, 2010. "The Great Slump of 1930 (1930)," Palgrave Macmillan Books, in: Essays in Persuasion, chapter 5, pages 126-134, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-59072-8_10
    DOI: 10.1007/978-1-349-59072-8_10
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