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Essay

The Great Depression

Essay specific features

 

Issue:

Social Issues

 

Written by:

Frank P

 

Date added:

September 9, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 886

 

Was viewed:

8689 times

 

Rating of current essay:

 
Essay content:

At the same time this era is known as the period of the “Great Depression”, because there was a great decline in prices, profits, and employment, which affected different classes in the society, mainly the aristocracy, who used to blame the liberalism for the economic problems after the loss of their old privileges; and the comfortably-off middle class that saw their yield from investment in bonds much smaller, after the lower interest rates...
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For several times producers tried to establish distortions in the markets, creating cartels, or imposing tariffs, but it was unsuccessful, because Liberalism was in favour of free trade. Despite townspeople became better off, rural people began to abandon the countryside, and went to the cities, which caused the enormous expansion of the number of their inhabitants...
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General issues of this essay:
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