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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (8649)	9/10/2001 11:30:43 PM
From: LLCF	Respond to of 74559

<There was no one cause of the Great Depression. > Well, we agree on something... my only dumping point was that it didn't mean much... certainly not as much as the secular change in the economies employment picture at the time. DAK

To: Ilaine who wrote (8649)	9/11/2001 5:53:49 AM
From: Moominoid	Read Replies (2) \| Respond to of 74559

It probably didn't help but the key facts are the collapse of the US banking system and a reduction in international trade due to protectionist measures and a bad economic situation in the two biggest European economies Britain and Germany. UK unemployment was high throughout the 20s probably due to the botched attempt to fix the level of the Pound. And we all know about Germany I presume... I doubt you'll find Russian trade in wheat is the prime cause or trigger of the great Depression.