3 ms·
capitalism probably was not the cause of the depression, its also worth noting that arguably none of those "from rich to poor" things worked, and arguably it wa
by autokad 8y ago
capitalism probably was not the cause of the depression, its also worth noting that arguably none of those "from rich to poor" things worked, and arguably it was the end of WW2 that ended it.
i myself am in a rare camp that believe the great depression was caused by a decline in population blip created from ww1/spanish flu. the pattern seems rather consistent, you first have a boom (roaring 20s) followed by a difficult / if not impossible to end depression - like Japan as well. but I'm in a rare camp, so don't take my opinion for a grain of salt.