When the economic theories of the Classical Economist were not sufficient to put an end to the Great Depression of the 1930s, government leaders began to look for other ideas to help end the problem and came across Keynesian economics.
What can be done to avoid a depression in the first place?
Apple, learn to read. She was referring to an economic depression, not a mental one. Yeesh. Trying to come off as so smart but end up discussing the wrong thing.
I really do not think there is much we can do to avoid a depression to be quite frank. We can as a society be less greedy and try to cut back but that does not always work. With over 300 million Americans alone it takes one hell of a lot to convince that many people to conserve and consume less, to buy less unnecessary items. We are all guilty of buying things we do not need.
Will we ever hit a depression similar to that of the 1930s? Highly unlikely. Too many policies and other safeguards in place to prevent it. We are in a mild recession but I think this is all political. I feel it will change once a new president is elected. That's how this game works.