4 ms·

Uh, what? Were you asleep in History class? "but then a deflationary spiral started in 1931." https://en.wikipedia.org/wiki/Great_Depression https://en.wikip

• vrotaru 14y ago
  Well, I disagree, with the interpretation of events known as Great Depression as a deflationary spiral. Yes, there was a deflationary event. As there were many before, and the last one before in 1920-1921, when the wholesale prices fall by a whopping 40%. But a deflationary event does not make a deflationary spiral. There were also a lot silly activism both from the part of the Hoover and Roosevelt. The later speaking, beside other things about outright nationalization, and driving thus the busyness investment into ground.. So a lot happened than which make the Great Depression Great but deflationary spiral is not THE explanation.