Which one is the best explanation for the Great Depression of the 1930s? (user search)
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  Which one is the best explanation for the Great Depression of the 1930s? (search mode)
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Question: Which one is the best explanation for the Great Depression of the 1930s?
#1
Austrian: a necessary correction of the overinvestiment caused by low interest rates in the 1920s
 
#2
Monetarist: the FED failed in not expanding the quantity of money enough after 1929
 
#3
Keynesian: there was a lack of aggregate demand after the crash of the banks and Hoover was wrong trying to balance the budget
 
#4
Marxist: well, it is capitalism
 
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Total Voters: 60

Author Topic: Which one is the best explanation for the Great Depression of the 1930s?  (Read 36107 times)
Okay, maybe Mike Johnson is a competent parliamentarian.
Nathan
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« on: January 27, 2020, 02:59:52 PM »

The causes of the depression can be explained by Keynesianism, but the cause of the causes is capitalism

This. Voted Marxist to Broaden The Debate.
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