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Great Depression of 1929
Essay specific features


Written by:
Marry G
Date added:
February 23, 2015
Level:
University
Grade:
A
No of pages / words:
12 / 3322
Was viewed:
6623 times
Rating of current essay:
Essay content:
The search for causes is closely connected to the question of how to avoid a future depression, so the political and policy viewpoints of scholars are mixed into the analysis of historic events eight decades ago. The even larger question is whether it was largely a failure on the part of free markets, or largely a failure on the part of governments to prevent widespread bank failures and the resulting panics and reduction in the money supply...
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Those who believe in a large role for governments in the economy believe it was mostly a failure of the free markets and those who believe in free markets believe it was mostly a failure of government that exacerbated the problem. Current theories may be broadly classified into two or more main points of view...
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