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To: Harry Wurzbach
the main cause for the Great Depression was the combination of the greatly unequal distribution of wealth throughout the 1920's, and the extensive stock market speculation that took place during the latter part that same decade.

http://www.gusmorino.com/pag3/greatdepression/

3 posted on 09/20/2008 9:33:37 PM PDT by Flavius (war gives peace its security)
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To: Flavius

yeah if you believe the keynesians


7 posted on 09/20/2008 9:35:45 PM PDT by ari-freedom (We never hide from history. We make history!)
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To: Flavius

Anyone can make money in America. We may not all be billionaires, but we can do well. The stock market is a bit out of control; however. Redistributing wealth via unfair taxes (you think it won’t happen?) Will KILL the economy. Dead.


10 posted on 09/20/2008 9:37:29 PM PDT by Blogger
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To: Flavius

Surviving banks, unsure of the economic situation and concerned for their own survival, stopped being as willing to create new loans.


11 posted on 09/20/2008 9:38:45 PM PDT by Flavius (war gives peace its security)
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To: Flavius

This sounds like leftist claptrap. The true cause of the depression was the sudden calling in of the loans which most people could not pay in such sort notice. The unequal distribution of wealth can not cause a depression all on its own - it is only when less affluent are suddenly made even poorer when the flow of capital becomes restricted.


29 posted on 09/20/2008 10:38:04 PM PDT by Republic_of_Secession.
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