(Originais Teachy 2024) - Question Medium of History

The Crisis of 1929, also known as The Great Depression, marked a period of serious economic and social consequences, extending over several years on a global scale. Originating in the United States, its spread was driven by the dynamics of the international market after World War I, when the United States assumed a central role in the world economy. With industrial overproduction and financial speculation, followed by the crash of the New York Stock Exchange, the crisis destabilized economies of various countries, including Brazil, which, heavily linked to the export of primary products, was affected by the decrease in external demand and the economic downturn of importing countries. According to the economist John Maynard Keynes, in his book 'The General Theory of Employment, Interest, and Money', published in 1936, 'The difficulty lies not in developing new ideas, but in escaping from the old ones, which haunt us in countless forms of prejudice and error.' Considering the historical context of the 1929 Crisis and Keynes' thinking, analyze the impact of the New York Stock Exchange crash on the world economic system and the relevance of new theoretical approaches, such as those proposed by Keynes, in addressing economic crises.