The question of what caused the great recession of 2007-2008 is on that is not easily answered. As with the great Depression of the twentieth century we can look back retrospectively and at some potential causes but the exact factors remain debated. When speaking of the great depression Ben Bernanke famously said‚ “To understand the Great Depression is the Holy Grail of macroeconomics.”(Bernanke‚ 2000) The same can easily be said of the great recession. For this discussion I will isolate the
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Many people believe that the Great Depression was caused by the stock market crash in 1929 but there were other causes that lead to this crisis and not just the stock market crash. The Great Depression was the period of economic crisis that started in America but affected the whole world. The Great Depression came after the “roaring 20s”‚ the decade of prosperity in America. The Roaring 20s was when several new technological advancements helped make life easier and the invention of the assembly line
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time of turmoil‚ drama‚ hardships‚ and trials for most Americans‚ a time when jobs and homes they thought they could count on suddenly were gone. Getting food‚ clothing‚ and a bed became an everyday struggle for many. What caused the Great Depression of the United States and what effects did it have on the lives of the people? The Great Depression is one of the most misunderstood events in American History. The Great Depression‚ an awful‚ tragic event‚ was a time when so many people were out
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Essay “What caused the Great Depression?” It was not just one specific factor that caused the Great Depression‚ there were many factors causing the economy to collapse. It is yet still unknown the main cause of the great depression‚ it is a question that will remain standing. Although most think the main cause was the 1929 crash of the stock market‚ still none agreed upon that. The 1929 crash of the stock market was not “the” cause of the great depression; however it was “one” of the causes. The
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What Caused the Vietnam War? The Vietnam War was caused by many factors that contributed to the warfare in Vietnam during the years of 1959 to 1975. Most factors were the beliefs held by people who wanted to change or to prevent Vietnam becoming an Independent Country. Many people suffered due to these beliefs and policies and that the Vietnam War is now considered as one of the most distressing moments in the 20th Century. So why did the US become involved in the Vietnam War? What was Ho Chi Minh
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unemployment rate soared. It is generally agreed upon that excessive and improper use of credit‚ overspeculation in the stock and real estate markets‚ grossly high tariffs (which cut off international trade)‚ and return to the gold standard are the primary causes for this economic failure. Yet why is it this bad? This country has faced multiple recessions in its history like the Panic of 1819‚ the Panic of 1873‚ or even the most recent recession we faced from about 1920-1921‚ but none of these had the catastrophic
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What caused the Korean War? The Korean War started in 1950 and took place in a time that was very known to war. The war ending in a peace treaty singing between USA and North Korea‚ the South Koreans never actually signed for peace. This is often said by the North Koreans as an excuse to carry on the so called war by having army troops all along the border. This may not be a surprise to many due to North Koreas well known extremism and overall lack of connection the rest of the world. This is an
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Some say that because of fear people quit putting money in the markets. Some say the depression caused a third of banks to disappear. They think if they had gave funding after the big banks failed others wouldn’t have followed. The Great depression had huge effects on everyone. Rich‚ poor‚ housewives‚ gardener’s business etc. Even births dropped during
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The French Revolution had many causes and affected the entire world in different ways. Some of the main causes of the revolution were the influence of the Enlightenment thinkers‚ the involvement of France in foreign revolutionary wars‚ the fall of the French Monarchy‚ the unmanageable national debt‚ and the scarcity of food in the years immediately before the revolution. In the years leading up to the French revolution France was stricken with financial problems caused by the wars of King Louis XIV
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What Caused the Civil War? In April 1861‚ the United States of America went to war. They did not go to war with a foreign power‚ because of a border dispute‚ and they did not go to war with the native people because of their hunger for more land. No‚ this would be a war among themselves‚ north against south‚ brother against brother‚ and in some instances even father against son. In the four long and bloody years that this war lasted more than 600‚000 of these brothers‚ fathers‚ and sons would
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