1873, 1929, 1973 crisis and solution approach of economics schools

The aim of this study is to evaluate the three economic arguments mainly on the solution approach of economics schools. When these assessments were made, the emphasis was primarily on the 1873 crisis, the 1929 economic crisis, and the oil crisis that emerged in the 1970s. The reasons for the emergence of crises have been tried to be revealed by examining the causes of their spread. . It was the 1873 crisis that first appeared in major crises. This crisis is the first crisis in the world that has a wide range of influence. The classical movement of this crime has been a number of studies. Later, the 1929 World Economic Crisis emerged, considered the greatest of crises. The crisis began in the United States and quickly spread throughout the world and became the biggest crisis in history. In the short run, Keynes revealed the necessity of state intervention at the same time with solution approaches. The oil crisis that started in 1973 caused stagflation and caused both inflation and unemployment.