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The Great Depression
Beginning of paper
To my amazement serves as a natural debating point
that "justifies" or "refutes" various economic policies.
and the New Deal are complex topics that are open to many interpretations. The
Great Depression was the worst economic slump ever in U.S. history, and one
which spread to virtually all of the industrialized world.
Seeing the o .... Middle of paper
.... however, this circular flow can falter. People
start hoarding money when times become tough; but times become tougher when
everyone starts hoarding money. This breakdown results in a recession.
To get the circular flow of money started again, Keynes suggested that
the central bank, the Federal Reserve System, should expand the money supply.
This would put more money in people's hands (through the multiplier effect),
inspire consumer c ....
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Number of words: 1588
Number of pages: 6 (approx. 250 words per double-spaced page)
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