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Essay Available:
Pages:
2 pages/≈550 words
Sources:
2 Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

Great Depression. Business & Marketing Essay Paper (Essay Sample)

Instructions:

Double-Spaced, must cite at least two references, the more references an essay makes effective use of
Please stay close to the grading rubric.
1 and half pages is the limit, please don't write 2 full pages.
Sources given by instructor included in Essay topic document, feel free to use other sources as well

source..
Content:

Name
Institutional Affiliation
Course Title
Instructor
Date
Great Depression
Introduction
Modern economists have termed the 1930s Great Depression as an unnecessary misfortune that could have be avoided if President Herbert Hoover had not made a bid to balance the budget during the financial turmoil (Krugman 3). Krugman also mentions other mistakes that resulted in the crisis, including the Federal Reserve’s move to viciously defend the gold standard at the expense of the local economy and the officials’ failure to fund the threated banks and worsened the bank panic between 1930 and 1931 (3). A number of factors have been blamed for the 1929 Great Depression, including the stock market crash, bank failures, purchasing declines, American economic policy with European countries, and drought conditions (Kelly). This paper presents the standpoint that while contemporary economists such as Dornbusch and Fischer argue that the Great Crash could not have led to the Great Depression, Romer (597) maintains that there is an important connection between the stock market crash and a decline in real output between 1929 and 1930, which resulted in the Great Depression.

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