Saturday, February 13, 2010
Causes of the Great Depression
Historians have argues over the cause of the Great Depression, since the outset. Some say it was "lack of business confidence", others say it was caused by underconsumption and over production. I believe the answer can not be found in one cause. A multitude of factors came into effect, to cause the Great Depression. Over production led to the saturation of the market, and then led to underconsumption. This is compiled with the over speculating and the eventual crash of the market. With no one buying goods in a consumer centered society the economy started to fail.
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I agree with Josh's analysis of the causes of the Great Depression. No one factor was the reason for it, there was just a snowball effect of bad circumstances.
ReplyDeleteI agree with Josh and Ryan, there were many factors that contributed to the great depressionand no one person can be blamed for it.
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