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The Great Depression
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of the 1920βs and 1930βs has had a strong and long lasting effect all over the world. It ruined the strong economies and destroyed the smaller ones. Every government had its own opinion of what and how to get itself out of this crisis. As the struggle of the depression kept on growing Great Britain, United states of America, Germany and Ja ....
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.... then more people would be willing to buy more and subsequently restart the markets purchasing cycle. Prime Minister Macdonald stated this in his speech on February 12, 1931, βTo combat hard times, British leaders were forced to keep wages down (this made exports cheaper but precipitated the General strike of 1926) and to raise interest rates .... |
| Word count: 1605 |
Page count: 6 |
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