Economic history of the 20^th century was predominantly shaped by the ideas of two prominent economists; Fredrich Agustin Von Hayek who was a proponent of free market economics and John Maynard Keynes who was credited with developing the fundamental concepts of macroeconomics and economic planning.

Watch a segment of the following video from 12:07" to 34:08", which details the economic situation of Europe in the aftermath of World War One and later details the onset of the Great Depression in the US. After watching the video, provide a two-paragraph summary of the video. In your summary, explain why the German economy faced hyperinflation in 1930s. Also explain what started the Great Depression in the US and what happened as a consequence of the massive economic downturn. According to the video, how did the Great Depression come to an end?

here is the video link.

https://www.youtube.com/watch?v=gfRTpoYpHfw&t=1829s&ab_channel=DanielYergin