Income Inequality and the Great Depression
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An analysis of the role that income and wealth inequality played in causing the Great Depression, with a brief look at how these factors are once again appearing in our economy today.
From the Paper:"The Great Depression was perhaps the single most traumatic event in our nation's history. Seemingly overnight, the U.S. economy collapsed on itself, erasing billions of dollars of wealth and putting thousands of people on the verge of starvation. The Great Depression began in 1929 and lasted for over a decade, truly ending only with the advent of World War II. According to some scholars; "To understand the Great Depression is the Holy Grail of macroeconomics." This paper will examine the causes and consequences of the Great Depression."
Cite this Cause and Effect Essay:
Income Inequality and the Great Depression (2008, December 01) Retrieved September 22, 2020, from https://www.academon.com/cause-and-effect-essay/income-inequality-and-the-great-depression-121269/
"Income Inequality and the Great Depression" 01 December 2008. Web. 22 September. 2020. <https://www.academon.com/cause-and-effect-essay/income-inequality-and-the-great-depression-121269/>