The essence of Keynes" theory, however, involves a shift from classical economics' concern with the production of wealth to a concern with the consumption of wealth. ... Some of the more important things that came from this period are that the Federal Reserve System is more centralized, we have deposit insurance and stronger bank regulation, commercial and investment banking are separated, we have a pure paper money standard, and we have unemployment insurance and social security. ... Keynes and the Depression forever changed economics and governments role in the economy....

• Word Count: 1299
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate