Microeconomics – Week #4 Assignment
Causes of the Great Depression
After reading Chapter 7 Consumer Choice and Elasticity and Special Topic 6 Lessons from the Great Depression, write a 2-page paper answering the following question:
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Contrary to a popular view, the Great Depression was not caused by the 1929 stock market crash. We have had similar reductions in stock prices to those in 1929 before and after the Great Depression. What historical events took place that directly led to the prolonged depressed conditions like those of the 1930s?
Cite your sources as needed. Use APA formatting.