Keynesianism: Rise & Close of The Great Depression Abstract The Great Depression left a legacy on the role of the government in economics; it was a dark period in United States and global history that people have strived to avoid reoccurring. It was a severe economic downturn that had both national and global implications; it consisted of a period of widespread unemployment and poverty as well as the collapse of international trade and by some is considered to have led to the outbreak of World War II. It has become a fascinating subject for both historians and economists alike and both have questioned if we can analyze the causes for both the beginning and end of the depression and make parallels to the economy today in order to prevent a future economic catastrophe from occurring again. One of the largest reasons for this fascination, as Robert Samuelson points out in the article “Revisiting the Great Depression”, is that “there is no precise definition of a depression [...