This Week in the Great Depression -- What Went Wrong?: Echoes
By late 1931, economic troubles had been growing for more than two years. Those expecting a quick recovery were disappointed and sought explanations. What's wrong with the world economy? How did we get into this swamp?Among many theories advanced at the time, three stand out: one focused on long-term economic imbalances, one on financial contingencies and one on cultural or psychological explanations.
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