The Great Depression (1929-1940

Introduction

The crisis of 1929 is one of the most important in economic history, perhaps not in its magnitude, but for all the implications and consequences that resulted. After the crisis, economic theory suffered a big change to try to find not only causes, but as to prevent such situations. While the crisis has broken out in October 1929, its origins can be located in the early 20s. (Clausen 1993)

Discussion

After the war, America went from being a debtor to be a creditor, with Europe being its main creditor. In the U.S. government, some Republican lawmakers have made clear that ...