I don't think you can blame it only on Keynesian economics. In addition to government spending you also had a populace that was excessively thrifty. With all th

I don't think you can blame it only on Keynesian economics. In addition to government spending you also had a populace that was excessively thrifty. With all this money in savings banks had to travel farther to find good investments. To survive they had to take the money out of their economy.