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Essay

Cause of great depression

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Issue:

Book Reports

 

Written by:

Ricky J

 

Date added:

October 5, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 264

 

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4679 times

 

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Essay content:

The Crash would dramatically reduce the total percentage of wealth held by the very top of the economic scale, and would create financial difficulties for many of them. * A maldistribution of purchasing power- Another theory holds that the fundamental maldistribution of purchasing power, the greatly unequal distribution of wealth throughout the 1920s, caused the Great Depression...
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According to this view, wages increased at a rate that was a fraction of the rate at which productivity increased. As production costs fell quickly, wages rose slowly, and prices remained constant, the bulk benefit of the increased productivity went into profits. As industrial and agricultural production increased, the proportion of the profits going to farmers, factory workers, and other potential consumers was far too small to create a market for goods that they were producing The Federal Reserve and the Money Supply *Quantity theory of money- Another theory of the Great Depression involves the quantity theory of money...
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General issues of this essay:
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