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The causes and the consequences of the Great Depression essay
Causes of the great depression essays
Stock market crash 1929
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Exploring Causes of The Great Depression
Introduction
The Wall Street crash of 29 Oct 1929 and the Great Depression that
followed were such a shock to most Americans that some early attempts
to explain their causes blamed sunspot activity or medieval prophecy.
A few held it to be divine retribution on a people who had indulged
themselves in a decade of hedonism after World War I and were due for
a sobering experience. Others recognized that the 1920s had brought
hints of an agricultural recession, amid uninhibited business
speculation.
No philosophical consensus
The efforts of economic historians to understand and explain the
causes of the Great Depression of the 1930s have been characterized by
a degree of `theological´ controversy. This divides adherents of the
various economic philosophies, communist and capitalist, monetarist
from Keynesian and others. Their lack of consensus in explaining the
Great Depression stems from these distinctive philosophical starting
points.
The price of `get rich quick´
...
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Association (APA) has published multiple papers showing that the current economy is very stressful to Americans... ... middle of paper ... ... from http://www.apa.org/about/gr/issues/socioeconomic/ Goldsmith, A., & Diette, T. (2012, April). Exploring the link between unemployment and mental health outcomes. Retrieved from http://www.apa.org/pi/ses/resources/indicator/2012/04/ Unemployment Rates for States. (2014, March 17). U.S. Bureau of Labor Statistics. Retrieved March 27, 2014, from http://www
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