Keynesian economists link the start of the Great Depression to the drop in construction spending and the downturn in consumption following the stock market crashes of 1929.

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This is a commonly accepted view among Keynesian economists, who argue that the reduction in aggregate demand caused by the decline in construction activity and consumption led to a contraction in the overall economy and a prolonged period of high unemployment.

Keynesian Economists Link the Start of the Great Depression to the Drop