Many economists agree that imbalances in the American business system and poor distribution of purchasing power were two causes of the Great Depression. t or f?
The Great Depression (1929): The Federal Reserve lowered interest rates and then the economy saw an increase in borrowing. Investors saw rising stock prices and low interest rates and invested too much money. The Feds then raised interest rates and ppl withdrew their money and sold stocks causing the market, and the economy, to crash. After the crash ppl started spending less and started saving more. This lead to less production and less jobs, causing unemployment to go higher and higher.
Answered -
Related Questions
-
Most economists agree that a key cause of the Depression was ...
-
Do you agree more with supply-side or demand-side economist?
I tend to agree more with demand side.
-
What do most economist agree that a key cause of the Depression was?
Those who believe in a large role for the state in the econom...
-
Economists point to the 42% rise in the stock market, the sta...
-
Do most economists agree with Republicans or Democrats?
Most economists agree with the Republicans. ChaCha back!
Comments