Economic Crisis in the Federal Republic of Germany 2008-2011. Examination Based on a Theory of the Keynes and a Theory of the Monetarism

Generally, an economic crisis is a complicated sequence of mutually related circumstances which have causes and effects. The financial crisis which had appeared in the USA in 2008 converted itself into the largest economic crisis and spread to most of developed states. The goal of the paper is examination of effects of the financial crisis and undertaken anti-crisis activities, exemplified by the Federal Republic of Germany and based on the theory of the Keynes and the theory of monetarism. The author tries to prove that the measures undertook by the Germans to overcome the crisis were different from the measures undertook in the United States of America and moreover, that they were more effective.