Quote:
Originally Posted by jeezeweeze  ....So the three main factors contributing to the severity of the Great Depression were:
1. The over-stimulated economic euphoria of the 1920s.
2. The draconian monetary policy pursued by the Federal Reserve Bank from 1930-1933.
3. The sudden rise of global protectionism leading to the collapse of world trade. The dramatic rise of income taxes in 1932 may have also prolonged the downturn.... |
Please check were Obama and Clinton stand on protectionism and income taxes.