Exploring the Great Depression's economic impact, this overview examines various theories explaining its causes, from poor Federal Reserve policies to technological advancements. It also considers the role of public expectations in recovery, the effects of economic inequality, and the influence of the gold standard on exacerbating the crisis.
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1
Friedman & Schwartz's view on the Great Depression
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2
Irving Fisher's debt deflation theory
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3
Bernanke's analysis of banking crises impact
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4
The role of public sentiment in the economic rebound during the ______ is a key part of its history.
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5
Economists like Christina Romer and Gauti B. Eggertsson believe that changes in public expectations were crucial for the ______ revival between 1933 and 1937.
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6
Austrian School's view on Great Depression cause
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7
Austrian School's criticism of post-crash interventions
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8
Marxist interpretation of Great Depression
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9
During the ______ century, technological progress, including ______, ______, and the adoption of ______, reshaped the manufacturing industry.
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10
The economic troubles of the late ______ were partly due to overproduction and underconsumption, which were among the factors that precipitated the ______.
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11
1920s productivity gains distribution
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12
Speculative stock market bubble pre-Depression
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13
Underconsumption in the 1920s economy
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14
The ______ standard is a monetary system where the currency's value is based on ______.
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15
During the 1920s, countries returning to the gold standard at pre-World War I levels caused ______ pressures.
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16
The gold standard's inflexibility limited ______ banks' ability to counteract economic slumps.
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17
To maintain fixed exchange rates and protect their gold reserves, central banks could not easily adjust to ______.
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18
The economic crisis worsened as deflation increased the real ______ of debt.
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