Fiscal Side of the Great Depression


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Essay #: 064856
Total text length is 8,347 characters (approximately 5.8 pages).

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The beginning:
Fiscal Side of the Great Depression
The Great Depression that started in 1929 was one of the most important events in the 20th century. The magnitude of this event has meant that a lot of time and energy has been spent trying to figure out why the Great Depression occurred. It is hoped that by understanding why the Depression happened countries today will be able to avoid another one in the future.
This essay will explore the fiscal side of the Great Depression. It will be argued that the Great Depression was caused by poor monetary policies. In particular it will be argued that allowing demand to drop resulted in the constriction of the economy and massive unemployment.
It is generally agreed among economists that the Great Depression was...
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