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The Course Of The Great Depres
Beginning of paper
The October 1987 collapse in stock prices conjured visions of 1929 and the Great Depression. Focus on this period is natural because the 32 percent decline in stock values between the market closes of October 13 and 19, 1987, was of the magnitude of--indeed, it actually exceeded--the October 1929 debacle. Focus on this period is also app .... Middle of paper
.... that many consider these years the worst economic trauma in the nation's history.
Policy makers did not stand idly by as the financial markets and the economy unraveled. There are questions, though, about the appropriateness and magnitude of their responses. Monetary policy, determined and conducted then, as now, by the Federal Reserve, became restrictive early in 1928, as Federal Reserve officials grew increasingly concerned about the rapi ....
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Number of words: 3468
Number of pages: 13 (approx. 250 words per double-spaced page)
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