9.1 - Economic and Intellectual Anxiety
- Albert Einstein
- Wrote about Special and General relativity
- Franklin Delano Roosevelt
- Elected in 1933
- Promised the New Deal
- Great Depression
- Stock market crashes in 1929 following over investment
- Dust bowl makes farming in much of the Midwest US unfarmable
- hyperinflation
- Super high inflation - especially in Germany in the face of Treaty of Versailles payments
- John Maynard Keynes (1883 - 1946)
- British Economists
- Increase money supply
- New Deal
- Created government agencies/institutions to aid the failing economy
- Sigmund Freud (1856 - 1939)
- Austrian neurologist
- Power of the unconscious
- Projection of insecurities
- Smoot-Hawley Tariff Act (1930)
- raised tariffs on many goods to try to shore up US economy
- Tariffs were often reciprocated
- probably made the depression worse
- Werner Heisenberg (1901 - 1976)
- Theoretical physicist
- Worked with quantum mechanics
- Wrote Uncertainty (1927)