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The Great Depression
Beginning of paper
To my amazement serves as a natural debating point
that "justifies" or "refutes" various economic policies.
and the New Deal are complex topics that are open to many interpretations. The
Great Depression was the worst economic slump ever in U.S. history, and one
which spread to virtually all of the industrialized world.
Seeing the order in wh ....
Middle of paper
....deral Reserve System, should expand the money supply.
This would put more money in people's hands (through the multiplier effect),
inspire consumer confidence, and compel them to start spending again.
A depression, Keynes believed, is an especially severe recession in
which people hoard money no matter how much the central bank tries to expand
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| Word count: 1588 |
Page count: 6 |
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